A source close to him dismissed suggestions that this represented a sign of panic and insisted that the chancellor’s focus was the medium-term fiscal plan.
Mr Kwarteng had been due to return to the UK from the annual IMF meeting later on Friday, but hasty changes were made.
Pressed on why there was a need for a last-minute schedule change, a Treasury source insisted that it was for talks on “the medium-term fiscal plan”.
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The source said that the IMF trip had “put everything in a global context… a global set of challenges…”
On his return, the chancellor is likely to find a significant section of his mini-budget re-drawn following days of open revolt among Tory MPs and an expectation that another major U-turn is on the cards.
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It comes amid speculation in Westminster about the fate of Mr Kwarteng, only a few weeks into the job, if his financial plans are scrapped in the coming days.
However, Mr Kwarteng has insisted that his position is safe, telling broadcasters: “I am not going anywhere.”
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Pressure builds on Kwarteng
PM’s key pledge could be next casualty
Meanwhile, mounting pressure has been placed on Prime Minister Liz Truss to reassure the UK’s financial markets and rescue her administration, with her key pledge to scrap the planned increase in corporation tax from 19% to 25% widely seen as a likely casualty.
Downing Street has not denied the policy could be reversed, despite it being one of Ms Truss’s landmark promises.
Image: Former chancellor Rishi Sunak gave no comment when asked about the Truss government tax cuts
Several reports have also suggested that senior Conservatives are plotting the possibility of replacing Ms Truss with a joint ticket of Rishi Sunak and Penny Mordaunt.
The Times newspaper said party grandees are among those considering replacing her with a “unity candidate”.
Sky News understands Downing Street held talks on abandoning more elements of the £43bn tax-cutting mini-budget on Thursday, with proposed changes to corporation tax and dividend tax among the policies being considered.
He also insisted there would be “no real cuts to public spending”, but added that “there are difficult choices” to be made.
“You have to make sure that you know the public is getting value for money. And I make no apologies for that, there has to be some sort of fiscal discipline,” he said.
Since his mini-budget announcement at the end of September, the UK’s financial markets have been reeling, with the Bank of England forced to intervene to restore some sense of stability.
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Mini-budget caused ‘some turbulence’
‘Get on and do it – we all know it’s coming’
Not only did his policies spook markets, but they also caused anger among the Conservative Party, with some senior Tories calling for changes to be made.
Newly elected Foreign Affairs Committee Chair Alicia Kearns told LBC’s Tonight With Andrew Marr that she wanted the PM to succeed, but added her voice to calls for a change of course on the mini-budget.
She said: “The markets are not woke, the markets are not left. The fact they are not lefty, anti-government, the fact they have been spooked, is something that should be taken incredibly seriously.”
Former chancellor Ken Clarke told Sky News he has “never known a government to make such a catastrophic start”.
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‘Catastrophic start’ – Ken Clarke slates Truss
Former veterans minister Johnny Mercer also tweeted that the situation “needs a course correction” from Number 10.
“Get on and do it – we all know it’s coming,” he wrote.
The government’s plans revolve around securing an increase in economic growth – with a target of an annual rise of around 2.5% in gross domestic product.
The crucial date will be 31 October, when the forecasts presented by the Office for Budget Responsibility alongside the chancellor’s statement will give an assessment on whether such a plan is realistic.
Ozzy Osbourne has taken his final tour of Birmingham – with his family experiencing the love of thousands of fans who turned out to see the heavy metal star come home.
“We love you, Ozzy!” came the shouts from the crowd as his cortege stopped at Black Sabbath Bridge in the city, a site that has become a shrine to the performer since his death at 76 last week.
His family and loved ones, including his wife Sharon Osbourne and their children Jack, Kelly and Aimee, spent several minutes taking in all the flowers, messages and other tributes left in an outpouring of love from fans.
Image: Jack, Sharon and Kelly Osbourne laid flowers. Pic: PA
Sharon was in tears as she took it all in. Supported by her children, she gave a peace sign to the crowd before returning to the procession vehicles.
Each family member carried a pink rose, wrapped in black paper, tied with a purple ribbon – the traditional Black Sabbath colours. The flowers bearing his name in the hearse were also purple.
Before reaching the city centre, the cortege had travelled past Ozzy’s childhood home in Aston. Just a few weeks ago, he was on stage at Villa Park performing his final gig alongside many of the musicians his music had inspired, from Metallica to Guns N’ Roses to Yungblud.
Image: Tributes to Ozzy can be seen all over Birmingham. Pic: Reuters
On a hugely emotional day, his presence could be felt throughout the city, with the star’s music playing in pubs and posters paying tribute: “Birmingham will always love you.”
For fans, this was a chance to say not just goodbye, but also thank you to a star who never forgot where he came from. His remarkable achievements from humble beginnings and continued love for his hometown, even when he lived thousands of miles away in Los Angeles, meant that for many, the loss feels incredibly personal.
Image: The Black Sabbath Bridge has become a shrine in recent days. Pic: Reuters
‘The Prince of Laughter – not Darkness’
Graham Wright, a roadie who worked with Black Sabbath in the 1970s and beyond, up to the Back To The Beginning reunion gig at Villa Park, told Sky News he would remember Ozzy not by his traditional nickname, the Prince of Darkness – but as the Prince of Laughter instead.
“It was a shock he left us so soon after [the show],” he said. “The show was tough for him but he was determined to say goodbye to his fans, that was the main thing. It was important for all four of [Black Sabbath] to get back together and do a farewell.
“The tears will be flowing today to see the Ozz man – the Prince of Laughter, not Darkness. He really was. We’ll all miss him.”
Image: Pic: Reuters
‘My mum used to say he was a lovely boy’
Chris Mason, general manager of The Brasshouse pub, which is next to Black Sabbath Bridge, said music by the band and Ozzy’s solo material had been played pretty much “on loop” since his death.
“I’m a metal fan and Ozzy being the godfather of the scene – if not for Ozzy and Black Sabbath, we wouldn’t have heavy metal,” he said. “This is what Birmingham is about, bringing people together, and Ozzy and Black Sabbath did that.
“He was Mr Birmingham and his family have brought him back.”
Mohabbat Ali, who used to live on the same street as Ozzy’s childhood home, said the property had become one of the focal points for tributes in the city.
Describing what it was like living near him, he said: “He played guitars, very loud at night sometimes, but my mum used to say he was a lovely boy.”
From an era of preening rock gods, Ozzy was the real deal
The sea of black was always a given – but this wasn’t about respecting funeral traditions. Ozzy himself had previously said he wanted his send-off, when it came, to be a celebration and not a “mope-fest”.
This was his final tour in the city that meant so much to him.
For fans, he meant so much to them.
For his family, the emotion was raw.
Sharon, his soulmate, has spent her life and career organising his shows, and it was clear how hard this day was for her.
After they left, fans flooded the streets to lay flowers.
Not since David Bowie has an artist’s death prompted such an outpouring of emotion. From an era of preening rock gods, Ozzy was the real deal – one of the most notorious figures in rock, but a man who remained as Brummie as can be.
‘A true legend who never forgot his roots’
Birmingham’s lord mayor, Councillor Zafar Iqbal, also attended the procession and spoke of the city’s pride in Ozzy.
“What a great honour for us to have him here one last time,” he said. “The love for Ozzy – well, you can feel it in the air.”
The star put both Aston and Birmingham on the map, he said, and always took the time to get to know people.
Mr Iqbal said Ozzy sent him a letter after reading on the mayor’s website biography how he had struggled with dyslexia at school – something the star identified with.
“I’ve got the letter in a frame and it’s in my office… he was just a natural human being, down to earth. You wouldn’t have known he was a rock star – but he was a true legend, who never forgot his roots.”
The population of England and Wales has grown by more than 700,000 in the year to June 2024 – the second-largest increase in over 75 years.
The change was largely fuelled by international migration, with natural change – the difference between births and deaths – accounting for only a small proportion.
According to the Office for National Statistics, there were an estimated 61.8 million people in England and Wales in mid-2024, up from 61.1 million the year before.
It is the second-largest numerical jump since at least 1949, when comparable data began.
And it is behind only the rise of 821,210 that took place in the preceding 12 months from mid-2022 to mid-2023.
Nigel Henretty of the ONS said the population of the two countries has increased each year since mid-1982, but said the rate of population increases has been higher in recent years.
“Net international migration continues to be the main driver of this growth, continuing the long-term trend seen since the turn of the century,” he said.
Net international migration – the difference between people moving to the country and leaving – accounted for 690,147 of the estimated population increase of 706,881 people, or 98% of the total.
There were slightly more births than deaths in the most recent year, which added 29,982 to the population.
There was also a net decrease in internal migration – the number of people moving from England and Wales to elsewhere in the UK.