“You asked me to resign as Chancellor” of the Exchequer, “I accepted”, wrote Kwasi Kwarteng in a letter to the head of government published on his Twitter account, after barely more than a months at the head of the Treasury. In this letter, he explains that he had accepted the post “knowing perfectly that the situation we are facing was incredibly difficult, with rising interest rates around the world and energy prices”. “Your vision of optimism, growth and change was the right one,” he continued, repeating that “status quo is not an option.”
Kwasi Kwarteng, mastermind of Britain’s conservative counter-revolution
At the end of the morning, Mr. Kwarteng went to 10 Downing Street, after returning earlier than expected from Washington, where he was attending the annual meetings of the International Monetary Fund (IMF) and the World Bank. On October 13, he said he was persuaded to stay in his post.
Importance of his project
Kwasi Kwarteng referred to the change in “the economic environment since we presented our growth plan on September 23”. “It is important now that we move forward to underline your government’s commitment to fiscal discipline,” he added, highlighting the importance of the government’s medium-term plan.
“We have been colleagues and friends for many years,” he continues, praising the “dedication” and “determination” of Liz Truss, who is to speak at a press conference in the early afternoon. . “I believe your vision is the right one”, “it has been an honor to serve as your first Chancellor”, he concludes.