Kwasi Kwarteng tells Talk TV and First Edition that he had concerns about the pace at which Liz Truss wanted to push forward her low-tax policy. The full interview can be viewed on YouTube. Read more here:
Kwasi Kwarteng claims he told Liz Truss to"slow down" after the market crashing mini-budget was announced.
However, he refused to apologise for what happened, saying instead:"Looking back, I think we could have had a much more measured approach."on Twitter, and said that when he arrived at Number 10, Ms Truss was"distressed and emotional".Asked by presenter Tom Newton Dunn what went wrong, the MP said:"So I think we tried to do too much too quickly. Too much, too fast. I think the strategic goal was right.
However, he admitted he did not tell Ms Truss that at the time, telling the programme:"Well, I said actually after the budget that because we were going very fast even after the mini-budget we were going at breakneck speed. And I said, 'You know, we should slow down, slow down'. The long-term political ally was brought into the Treasury by Ms Truss as her first cabinet appointment after winning the Conservative leadership contest over the summer.in the Commons that sent the markets into a tailspin.
"I disagreed obviously, because I thought that if chancellors are sacked by the prime minister for doing what the prime minister campaigned on, that leaves the prime minister in a very weak position. And a number of people have said to me, 'I knew when she'd sack you that it was over'."
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