All the times Kwasi Kwarteng was proved wrong during his 38 days as Chancellor

All the times Kwasi Kwarteng was proved wrong during his 38 days as Chancellor Despite his brief tenure, the ex-Chancellor made a succession of statements on which he was quickly forced to backtrack ⤵️

The Bank of England’s Financial Policy Committee said households now faced as much pressure on their mortgages as they did in the run-up to the 2008 global financial crisis, with

“It will reward enterprise and work,” he added. “It will incentivise growth. It will benefit the whole economy and whole country.” And such a groundswell of Conservative MPs objected to the policy, which involved borrowing billions to assist the wealthy during a cost of living crisis, that it was feared it would be voted down in the House of Commons.We get it, we have listened.”that the policy had been “a massive distraction on a strong package” and he could have “prepared the pitch a bit better”.Hours later, addressing the Conservative Party conference in Birmingham, Mr Kwarteng acknowledged: “What a day.

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