Read the exchange of letters following Kwarteng’s resignation and decide whether Kwarteng alone should be held to account for the failed mini-budget or whether it is matter of “joint enterprise” between him and Liz Truss

The new Chancellor, Jeremy Hunt is busy shredding it, so where does this now place Liz Truss? – Owl

[PS Jeremy Hunt has a lot of “form” recorded on East Devon Watch. He has been very busy during and after the pandemic “reinventing” himself.]

Kwarteng MP for Spelthorne (no longer Chancellor at this point) to PM:

“…your vision of optimism, growth and change was right..

..For too long this country has been dogged by low growth and high taxation – that must still change if this country is to succeed…”

Liz Truss, the Prime Minister, replies:

“You have set in train an ambitious set of supply side reforms that this Government will proudly take forward. These include new investment zones to unleash the potential of parts of our country that have been held back for far too long and the removal of EU regulations to help British businesses succeed in the global economy..

… I know you will continue the mission that we share to deliver a low tax, high wage, high growth economy that can transform the prosperity of our country for generations to come….“