Kwarteng exits IMF meetings early as U-turn rumours mount

'Engage across government'

Chancellor Kwasi Kwarteng has left the IMF annual meetings early to return to the UK as expectations of a Mini Budget U-turn continue to grow.

At around 1.30am last night, several journalists accompanying Kwarteng tweeted his departure, with BBC economics editor Faisal Islam citing Treasury sources that his early exit was to "engage across government and with MP colleagues on the Mini Budget". Parallels have been drawn both to former chancellor Dennis Healey's return during the 1976 sterling crisis and the former Greek finance minister Yanis Varoufakis' departure from the G20 talks in 2011. Mini Budget: 'The straw that broke the camel's back' Former Bank of England member Andrew Sentance said the chancellor had left it to...