Kwarteng Trying to Head Off Tory Rebellion Over Tax Cut Debacle

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.

The backlash over Kwarteng’s decision to scrap the top rate of income tax for the UK’s highest earners ...