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

Treasury officials tell select committee they set out impacts of £45bn plan for former chancellor

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.

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​Treasury officials tell select committee they set out impacts of £45bn plan for former chancellorKwasi 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. Continue reading…