Rachel Reeves responds to reports that UK Officials are working on a U-Turn for Truss’s Tax-Cut Plan

Rachel Reeves MP, Labour’s Shadow Chancellor, responding to reports that UK Officials are working on a U-Turn for Truss’s Tax-Cut Plan, said:

“Today’s mess shows the utter chaos this government is in. This is a crisis made in Downing Street and working people are paying the price.

“Labour has said repeatedly that they need to reverse the kamikaze budget and restore confidence.

“This is now urgent as the Bank of England’s intervention in the markets ends tomorrow. The Tories cannot allow the chaos caused by their mini-budget to continue any longer.”