Kwarteng accused of reckless mini-budget for the rich as pound plummets

Strategy of sweeping tax cuts gets hostile reception from markets and economic thinktanks, leaving some Tory MPs aghast

Kwasi Kwarteng has been accused of delivering a reckless mini-budget for the rich after his £45bn tax-cutting package sent the pound crashing to its lowest level against the dollar in 37 years.

In a high-risk strategy designed to revive Britain’s stagnant economy, the new chancellor announced more than £400bn of extra borrowing over the coming years to fund the biggest giveaway since Tony Barber’s ill-fated 1972 budget.

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kwarteng accused reckless mini-budget

@NigelLe18211679

@Andrew_Adonis @EviePop2020 Mini budget?? Tories are the reverse of Robin Hood! Tories are again, robbing the poor,… https://t.co/EUeO0ZKUvL

Posted on: 2022-09-30 19:42

@NigelLe18211679

@nadhimzahawi Mini budget?? Tories are the reverse of Robin Hood! Tories are again, robbing the poor, to further li… https://t.co/uAab5TOV6u

Posted on: 2022-09-30 19:00

@NigelLe18211679

@mattprescott Mini budget?? Tories are the reverse of Robin Hood! Tories are again, robbing the poor, to further li… https://t.co/L0EcfSUOXC

Posted on: 2022-09-30 19:00

@joonaslinkola

@Stefferi Eikös syynä ole tuon uuden valtiovarainministerin julkaisema minibudjetti? https://t.co/ZLd4z7DokJ

Posted on: 2022-09-28 11:17

@Taitamco

https://t.co/XcN6C9SVXu "Mini" budget but MAXIMUM chaos! 🙀🙀🙀🙀

Posted on: 2022-09-28 11:14

@NigelLe18211679

@GMB Mini budget?? Tories are the reverse of Robin Hood! Tories are again, robbing the poor, to further line the po… https://t.co/X8u1T7TeQA

Posted on: 2022-09-28 07:57

@NigelLe18211679

@A_3D_AM @MaryKapadia @johnredwood Mini budget?? Tories are the reverse of Robin Hood! Tories are again, robbing th… https://t.co/3n0cMiQSTf

Posted on: 2022-09-28 07:56

@NigelLe18211679

@johnredwood Mini budget?? Tories are the reverse of Robin Hood! Tories are again, robbing the poor, to further lin… https://t.co/u2aMwJrPXV

Posted on: 2022-09-28 07:56

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