UK Chancellor Kwasi Kwarteng admitted the Tories’ tax-cutting agenda caused some turbulence in financial markets but ultimately doubled down on the rest of the economic plan.
“We will get Britain moving, we will deliver lower taxes for you and your family and we will grow our economy,” Mr Kwarteng said.“The overwhelming reaction had been unsympathetic and governments have to deal with political reality – that governments can’t march into too strong a headwind,” Mr Rees-Mogg said.
Better to have a moment of embarrassment and correct a gross error than go through with and cause misery for millions.
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