Kwasi Kwarteng says ‘high pressure’ following Queen’s death factor behind flawed mini budget roll-out

Chancellor of the Exchequer, Kwasi Kwarteng at the Conservative Party conference on Monday

(Picture: PA Wire)

Kwasi Kwarteng has suggested the “high pressure” environment following the Queen’s death and national period of mourning contributed to mistakes with his ‘mini budget’.

The Chancellor and Prime Minister Liz Truss were forced to U-turn on a controversial measure to cut the 45p tax rate for the highest earners after dissent within the Conservative party and restlessness from the financial markets.