Nadhim Zahawi apologises for economic turmoil after mini-budget
The Guardian says The cabinet minister Nadhim Zahawi has apologised for the economic turmoil that followed the government’s mini-budget.
The chancellor of the duchy of Lancaster made the apology after clashing with the Talk TV presenter Piers Morgan on Thursday night’s Question Time on BBC One. The pair appeared on the political panel show, along with the Succession actor Brian Cox, the farmer Wilfred Emmanuel-Jones and the Labour MP Lisa Nandy.
The pound plummeted in value against the dollar after Kwasi Kwarteng’s announcement of a series of tax cuts, including scrapping the 45p rate of income tax for higher earners, a move which Liz Truss abandoned in the middle of her party’s conference.