Kwasi Kwarteng

THEN (25 SEPTEMBER)

We’ve actually put more money into people’s pockets. We’re bringing forward the cut in the basic rate [of income tax] and there’s more to come. I want to see over the next year, people retain more of their income, because I believe it’s the British people that are going to drive this economy.

Chancellor Kwasi Kwarteng defends his decision to scrap the 45 per cent higher rate of income tax, announced in his mini-budget on 23 September

NOW (3 OCTOBER)

We’ve listened to people. And yeah, there is humility and contrition in that. And I’m happy to own it.

Chancellor Kwasi Kwarteng scraps his decision to scrap the 45 per cent higher rate of income tax after it caused mayhem in the markets, led to a huge public backlash and contributed to plummeting Tory support in the polls