Kwasi Kwarteng has admitted he and Liz Truss "blew it" with their disastrous tax-slashing mini Budget.
The former Chancellor, who lasted only 38 days in No11, said they got "carried away" with their dramatic economic reforms, which spooked the markets and cause the pound to tank.
The economic turmoil cause Tory panic and resulted in Ms Truss's resignation after only 45 days in No10 - making her the shortest serving Prime Minister in history.