'Not the best': Kwarteng admits attending champagne event with Tory donors was mistake
Guardian, 03 Oct 2022
Kwasi Kwarteng has said attending a champagne reception for Conservative donors on the day of the mini-budget was a mistake.
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In an LBC interview at the party conference, the UK chancellor said 'it probably was not the best' decision to attend a party with hedge fund managers after the mini-budget for about quarter of an hour – maybe more.
Liz Truss’s government has abandoned its plan to abolish the 45% top rate of income tax announced at the mini-budget after a growing Conservative revolt over the policy and a turbulent reaction from markets.
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