Tories head to conference with rocketing mortgage rates, a sterling crash and a 33-point poll lead for Labour
When Kwasi Kwarteng claimed his budget-busting plan for growth would usher in a “new era”, it is unlikely he had in mind a sterling crash, rocketing mortgage rates and a 33-point poll lead for Keir Starmer.
But over seven nerve-shredding days, Kwarteng and Liz Truss’s bold economic experiment, hailed with glee by the free market thinktanks, has been comprehensively trashed.