Kwasi Kwarteng reportedly attended a private champagne reception with hedge fund managers at the home of a Conservative donor on the same day he delivered his mini-budget.
The chancellor is alleged to have given guests information about forthcoming government spending cuts during the event at the west London home of Andrew Law, a financier, on the evening of Friday 23 September.
Kwarteng’s mini-budget earlier in the day, which introduced a £45bn package of tax cuts that will mostly benefit the richest fifth of households, triggered economic turmoil – with sterling collapsing to its lowest level since 1985 and the Bank of England acting to save pension funds.
The Labour leader, Keir Starmer, has called for the recall of parliament to address the financial crisis. » | Nadeem Badshah | Sunday, October 2, 2022
