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UK PM Truss has confidence in finance minister Kwarteng -spokesman

10/03/2022 | 07:03am EST
FILE PHOTO: Britain's Conservative Party annual conference in Birmingham

LONDON (Reuters) - British Prime Minister Liz Truss has confidence in finance minister Kwasi Kwarteng, her spokesman said on Monday, after the government made a humiliating U-turn over its decision to scrap the highest rate of income tax.

Asked whether Truss still had confidence in Kwarteng, the spokesman said: "Yes".

The spokesman said he was confident parliament would approve the rest of Kwarteng's mini budget, which was announced on Sept. 23 and helped spark turmoil in financial markets and a rebellion in her Conservative Party.

(Reporting by Kylie MacLellan and Elizabeth Piper; editing by William James)


ę Reuters 2022
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