Some in the Conservative Party are 'deeply uncomfortable' with Friday's mini-budget, Tory peer says
Mr Kwarteng defended his mini-budget after the pound slumped.Kwasi Kwarteng has defended his mini-budget, featuring a raft of massive tax cuts, as one Tory peer claimed some in the party were "deeply uncomfortable" with the give-aways.There have been warnings that Liz Truss's tax cuts are a "gamble" at a time when Britain is facing an economic storm of inflation, the cost-of-living crisis and the possibility of already being in recession.
Mr Kwarteng said of the pound: "I don't comment on market movements but what is good for the economy is creating an environment where people can come and invest in the UK and that's exactly what we've done." "Our Growth Plan sets out how we are going to rebuild our economy and deliver for the British people."
He later told Tonight with Andrew Marr that to "see a tax package that is so slanted in favour of the wealthiest people in the country I think is unconscionable".
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