Kwasi Kwarteng has admitted he “got carried away” during his brief stint as chancellor. Reflecting on Liz Truss’s disastrous seven weeks as prime minister, the chancellor she sacked after he implemented her tax-cutting agenda said her government “blew it”.
Mr Kwarteng has spoken publicly only a handful of times about his disastrous mini-budget and ousting from Government, as Prime Minister Rishi Sunak and Chancellor Jeremy Hunt promptly shifted direction in a bid to reassure financial markets. Speaking to the Financial Times, Mr Kwarteng said: “People got carried away, myself included. There was no tactical subtlety whatsoever.
“My biggest regret is we weren’t tactically astute and we were too impatient. There was a brief moment and the people in charge, myself included, blew it.”
