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.
Defending the government’s measures aimed at growing the economy, Mr Kwarteng said: “I can be frank. I know the plan put forward only 10 days ago has caused a little turbulence. I get it. I get it. We are listening and have listened, and now I want to focus on delivering the major parts of our growth package.”
The mini-budget, which was set out in Parliament last month by the Chancellor and Prime Minster Liz Truss, tanked the pound to its lowest value in decades. Its aim was to help grow the economy.
