Chancellor accused of ‘insulting millions’ with joke about budget
The IndependentKwasi Kwarteng has been accused of insulting millions after he made a joke about how his mini-Budget spooked the markets. But in his first speech to the Conservative party conference as chancellor, he offered no apology for the days of chaos that ensued and joked that his plan had caused “a little turbulence”. But Liberal Democrat Treasury spokesperson Sarah Olney said:"Laughing about the turbulence caused by this botched budget is an insult to the millions of people already facing spiralling mortgage costs. Shadow chancellor Rachel Reeves said the speech showed a “Tory government completely out of touch, with no understanding on its own appalling record on growth”. She added: “What the Chancellor called a little financial disturbance is a huge economic body-blow to working people that will mean higher prices and soaring mortgages.