The Chancellor, Kwasi Kwarteng, is now facing calls for an official inquiry after reports say he attended a private champagne reception with hedge fund managers the evening after announcing his disastrous mini-Budget.
mansion where he is said to have been ‘egged on’ to commit to his £45 billion of unfunded tax cuts.
Sources close to Mr Kwarteng said he was in a good mood and ‘high on adrenaline’ throughout the night. This raises concern the event informed Mr Kwarteng’s decision to announce more plans to cut taxes in the future despite the state of the economy.
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