I blew it with mini-Budget, Kwasi Kwarteng admits: Ex-Chancellor regrets £45bn ... trends now
Liz Truss' Chancellor Kwasi Kwarteng has admitted he and the Prime Minister 'blew it' with his disastrous mini-budget and said her top team got 'carried away'.
Mr Kwarteng said his 'biggest regret' from his time as Chancellor was that he was 'too impatient'.
His comments mark a huge U-turn from his stance while still in government, when he fiercely defended the mini-budget and told the UK 'there's more to come'.
The September mini-budget proposed tens of billions of pounds of tax cuts but was completely unfunded, sending markets into turmoil and the pound falling to a record low against the dollar.
Kwasi Kwarteng has admitted he and the Prime Minister 'blew it' with his disastrous mini-budget
Allies of Liz Truss previously accused Kwasi Kwarteng of 'rewriting history', after he claimed he warned her she was moving too far and too fast
Mr Kwarteng added: 'People got carried away, myself included. There was no tactical subtlety whatsoever.
'My biggest regret is we weren't tactically astute and we were too impatient.
'There was a brief moment and the people in charge, myself included, blew it.'
Allies of Liz Truss previously accused Kwasi Kwarteng of 'rewriting history', after he claimed he warned her she was moving too far and too fast with her radical economic reforms.
The former chancellor said last month he had urged the then prime minister to 'slow down' in the wake of the mini-Budget in September that triggered her downfall.
Mr Kwarteng acknowledged that he bore 'some responsibility' for the timetable of the mini-Budget, which spooked the financial markets, but said Miss Truss was 'very much of the view we needed to move things fast'.
He told TalkTV: 'We
