KWASI Kwarteng began his speech to the Conservative Party conference by acknowledging it had been a "tough" day as he battled to restore his authority as Chancellor after a humiliating U-turn over tax cuts for the rich.
Just hours before his set-piece speech at the Conservative Party conference Kwarteng abandoned his controversial plan to scrap the 45p income tax rate for people earning more than £150,000 to stave off a mounting Tory revolt.
The Government is also eyeing plans to cut public spending by around £18 billion.
