Kwasi Kwarteng was forced to abandon his plan to give a massive tax cut to millionaires – but critics warned the damage has already been done after the Bank of England had to step in
Kwasi Kwarteng
Tories roared with laughter tonight as Kwasi Kwarteng joked about the economic chaos caused by his botched mini-Budget, sparking widespread fury.
And the arrogant Chancellor even dismissed the fallout of his proposed tax cuts for the rich – leaving homeowners struggling with soaring mortgages – as a “hullabaloo”.
His bid to make light of the carnage came after he finally did a U-turn on scrapping the 45p top tax, while facing a Tory revolt on the policy
But the sorry saga is no laughing matter for millions of Brits plunged into financial turmoil by Mr Kwarteng’s reckless gamble with the economy, as he vows to plough on with benefits cuts for the poorest.
https://www.mirror.co.uk/news/politics/tories-laugh-kwasi-kwarteng-forced-28145614