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The Guardian - UK
The Guardian - UK
National
Heather Stewart

How Kwasi Kwarteng’s budget-busting growth plan turned into week from hell

Kwasi Kwarteng and Liz Truss in No 10
Kwasi Kwarteng and Liz Truss’s bold economic experiment, hailed with glee by the free market thinktanks, has been comprehensively trashed. Photograph: Rory Arnold/No 10 Downing Street

When Kwasi Kwarteng claimed his budget-busting plan for growth would usher in a “new era”, it is unlikely he had in mind a sterling crash, rocketing mortgage rates and a 33-point poll lead for Keir Starmer.

But over seven nerve-shredding days, Kwarteng and Liz Truss’s bold economic experiment, hailed with glee by the free market thinktanks, has been comprehensively trashed.

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