Davey: Kwasi Kwarteng must resign so botched Budget can be scrapped

EMBARGO: For Immediate Release

Responding to Kwasi Kwarteng's refusal to resign this morning despite his U-turn over the 45p tax rate, Liberal Democrat Leader Ed Davey said:

“Kwasi Kwarteng didn’t listen when people’s mortgages soared, the pound tanked and the economy nosedived. Now he’s only acting because of internal rows at the Conservative party conference.

“It just shows the Conservatives are totally out of touch with the country.

“The Chancellor has lost all credibility and must resign now. Then Parliament needs to be recalled so we can scrap this rotten Budget, offer extra help to struggling mortgage borrowers and ensure our NHS and schools get the funding they need.”

ENDS