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Kwarteng Trying to Head Off Tory Rebellion Over Tax Cut Debacle

  • Ex-minister Gove among Conservative MPs threatening to rebel
  • Defiant Truss warns spending cuts needed to pay for policies
Kwasi Kwarteng during the Conservative Party’s annual autumn conference in Birmingham, on Oct. 3.
Kwasi Kwarteng during the Conservative Party’s annual autumn conference in Birmingham, on Oct. 3.Photographer: Hollie Adams/Bloomberg

Kwasi Kwarteng is privately trying to reassure Conservative Members of Parliament that his tax cuts can fix the UK economy, in a bid to head off a potential rebellion.

The Chancellor of the Exchequer has talked to about 25 MPs in recent days, according to a person familiar with the matter, who said Kwarteng recognizes the scale of unease at his plans. At the same time, the chancellor is confident he will persuade the would-be rebels to back down, the person said.