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The Chancellor has been branded 'patronising' after he described the market turmoil of his mini-budget as 'a little bit of turbulence.' Kwasi Kwarteng made the comment on Monday (October 3) while giving a speech at the Conservative Party Conference in Birmingham.
Voters have been left unimpressed by the Chancellor after he announced that the government would not ‘proceed’ with a cut in the top rate of income tax.
Kwasi Kwarteng has confirmed that the government will NOT scrap the top rate of income tax in a major U-turn for the new Chancellor.
Prime Minister Liz Truss has warned Tory rebels urging her to abandon her controversial tax cutting agenda that she will not change course, telling them “the status quo isn’t an option”.
John Bennett may be the only person in Britain who watched Liz Truss squirm and stutter her way through this week’s round of toe-curling radio interviews and breathed a sigh of relief.
Liz Truss is reportedly set to hold an emergency meeting with financial forecasters after failing to calm chaos in the markets.
In the midst of economic uncertainty following the mini-budget unveiled by new Chancellor Kwasi Kwarteng, the Manchester Evening News asked every Tory MP for their views on tackling the crisis. Not one replied.
The Labour party has taken its largest poll lead in over two decades against the Tories, according to a YouGov poll.