Kwarteng had ‘all the advice’ but disregarded warnings on mini-budget, MPs told

Kwasi Kwarteng could not be persuaded to change his view on the mini-budget, Treasury officials said. Photograph: Kirsty Wigglesworth/AP

Kwasi Kwarteng disregarded warnings that his £45bn mini-budget could trigger a backlash on the financial markets, Treasury officials told MPs today.

The department’s permanent secretary, James Bowler, said he was “absolutely confident Treasury officials set out the right advice” to the then chancellor.