Sunday 2 October 2022 01:03 PM PM defends Kwasi Kwarteng attending City reception after Budget trends now

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Liz Truss today defend Kwasi Kwarteng's decision to join a 'Champagne reception' with City traders in the immediate aftermath of his Emergency Budget.

The Chancellor spent the evening after his package at a Tory networking event - also attended by party chair Jake Berry.

The gathering happened as the Pound was hammered on the markets amid alarm over unfunded tax cuts and the lack of scrutiny from the independent OBR. 

Appearing on Sky News' Ridge on Sunday, Mr Berry insisted there was nothing wrong with the function and Mr Kwarteng merely talked about his 'plan for growth'.

Meanwhile, the PM said meeting business people was part of Mr Kwarteng's job - although she also stressed that she does not manage his diary.