The new British Chancellor of the Exchequer, Kwasi Kwarteng, has been criticized and even called for an investigation after it emerged that he was at a private party with investment fund or vulture fund managers before presenting the controversial tax cut plan for the highest incomes.
The Sunday Times has published that Kwarteng was at an event in the London neighborhood of Chelsea on September 23rd in which the directors encouraged him to defend his tax cut plan and has pointed out that the heads of the financial funds that organized the party benefited directly from the fall of the pound that occurred after the presentation of the tax plan.
The British Prime Minister, Lizz Truss, has been questioned about the appropriateness of Kwarteng’s participation in this type of event considering the damage being done by inflation. “I wake up every morning thinking about how to make people in our country more successful, how to make them more secure, how to help people through this difficult time,” she replied.
Read more: UK Chancellor of the Exchequer called in for investigation after private party with vulture fund managers