
Scott Doyle Craig. No, Kwasi Kwarteng did not bankrupt the UK. His 2022 mini-budget sparked market chaos: the pound hit a 37-year low, gilt yields surged, and pension funds nearly collapsed, forcing Bank of England intervention. It caused severe damage but not literal bankruptcy—more a reckless


John Redwood You know full well that the magnitude of the damage caused by by Liz Truss and Kwasi Kwarteng with their kamikaze mini-budget — not to mention the speed at which it was caused — far exceeds the magnitude of the recent rate changes.















