Guardian News published this video item, entitled “Attending post mini-budget champagne event with Tory donors ‘not the best’, says Kwarteng” – below is their description.
Kwasi Kwarteng has said attending a champagne reception for Conservative donors on the day of the mini-budget was a mistake.
In an LBC interview at the party conference, the chancellor said ‘it probably was not the best’ decision but he attended 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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