London CNN Business —UK Prime Minister Liz Truss will hold a news conference Friday amid widespread speculation that she’s getting ready to ditch a big part of her economic strategy unveiled just three weeks ago.
Kwarteng flew back from the IMF meeting in Washington, D.C., on Friday for discussions with Truss about the plan.
Under pressure, Kwarteng has already brought forward his full budget statement to Oct. 31, more than three weeks earlier than planned.
But investors may not be prepared to wait that long for reassurance about the state of Britain’s public finances.
— Luke McGee and Zahid Mahmood in London, and Xiaofei Xu in Paris contributed to this article