So he essentially claims that they did the right thing, but were clueless in the way they did it. But, that's alright because that's the past, and he has moved on. An extraordinary level of arrogance - clearly school fees well spent there then.
The speed was the main fault though they needed to rush to stem the tide. It's not arrogance but a man trying to stand his political ground for future sake.
@@Rubbish_Stinks The sad case of a visionary of libertarian Brexit economics being brought down by the power of the financial market in revolt. Such a cruel irony. Poor Kwasi.
BBC headline: "I told Liz Truss she was going too fast, says Kwasi Kwarteng." The scenario is NOT difficult to dissect &/or understand . He was the Chancellor and (quite literally) concocted a "economic" plan. She was the PM and signed it off. Please note: both individuals took the "unusual step" of NOT listening to their advisors . "Yes" the situation was already dire before they did what they did. But, the totally disastrous "mini budget" that almost swallowed the entire UK economy into the abyss and that has NOW triggered an irreversible global current currency crisis (purchasing power of fiat currencies dilapidated by non negotiable £65bn bond buying by BoE to prop up ALL pensions ) PLUS Government debt being totally unattractive lays squarely & squarely at this mans door. "Yes" she threw him under a bus. But now he's got back up and now going to try and throw her under a bus? What about us left holding the bill via additional taxes and inflation, not to mention lay offs in the job market???? This is the reality of the aftermath of ultimately their actions! Yet all these (once secret lovers) can do is throw mid at each other! The only thing that matters is themsekves. Sicken to The core. If I had my way, BOTH individuals would be stripped of their wealth to (desperately) help cover the bill for their "mistakes", might even have an appointment with the hangman for a display of arrogance that is beyond belief.
No she put the final nail in the Brexit coffin and showed that right wing rhetoric wins elections and left wing policies work . Shame she crashed the economy tho 😂
He takes no responsibility for causing the worst economic shock in this country history. He will go down in history as the worst chancellor this county has ever seen. Shame on you. Million of people are worse off because of you.
If this guy new how me and wife have been saving and scrimping all year to raise a deposit , only to have the rug pulled off our feet as we reached the end and now we cannot afford anything reasonable and we will be forced to continue to pay extortionate rents …. and he can’t say the simple word ‘sorry’ … do the pair of them know what misery they visited much of the nation.
Sorry for your disappointmnet BUT BoE raised interest rates since March, and continue to do so, so this budget had minimal effect. Boris and Rishi squandered nearly £400 Billion during covid and the BoE printed money that is where the problem arises. Dont try and make Truss/Kwasi the fall guys.
No man , yes the rates were rising but at a certain pace … the sudden jump in interest rates at the end of September was the direct result of the irresponsible way in which Kwasi and Truss approached the economy … it means some people who had been accepted for reasonable mortgage had their offers reversed … imagine that … to try to absolve this pair for messing is frankly disingenuous bro…
Best thing to come out of this for him is a hard lesson on trust. Hard enough for people to trust politicians let alone them having trust in each other.
Truss knew that she was on borrowed time because the WEF were breathing down her neck, and she wanted to give power back to the individual, which is not allowed by Klaus and his chums.
Feel bad for the man. He was chucked under the bus by Liz. What makes it worst is that they were intimate together and were more than friends. EDIT: actually now that I've watched the full video, I don't feel bad for him. He's refused to apologise and take full accountability. Even Sunak and Hancock are willing to apologise for mistakes.
The only think he would no apologise for was the rise in mortgages BUT these were going to go up anyway - the Bank of England had already raised them March 17th to 0.75%, May 5th to 1%, June 16th to 1.25%, August 4th to 1.17% , Sept 22nd to 2.25% Nov 3rd to 3% so rises before and after Kwasi's budget - and Hunt announced plans to increase tax etc. so no reason to apologise. Those whose fixed rates are coming to an end always knew they would rise from the much lower rates.
No need for an apology BoE had raised rates since March this year and continue to do so. The real need for an apology should come from Boris, Rishi and all those who squandered £400 Billion during covid and locked the country down and had the BoE print lots of money - who was that - Rishi!
he was indeed driven by ideology but it’s wrong to say he didn’t know what he was doing as he is well educated in economics and has a phd in economic history and was a scholarship student to eton, cambridge and harvard. He was intellectually gifted and widely viewed by his teachers at Eton as the smartest students they have ever thought. He signed up to an ideology that require his mind and thought to be dormant as opposed to thinking
What a clown! I wouldn't put him or Truss in charge of a candy floss stall at the seaside. The least he could do is say "Sorry" for tanking the economy and causing people financial misery. He talks about the bad situation around the world but not about the fact that he and Truss paid no attention to wiser people than them in government who could have warned them about all that before they dropped their bomb.
My dad once told me, "son, to say sorry is the most most easiest & cheapest thing you can offer someone when you've done wrong. " Don't fall for that old chestnut!!!!!
The £440 Billion covid debt is not his. But the problem is he went too fast and the market didn't like that. I assume you want him to apologize for not reading the market. I was surprised Tom didn't ask him why he sacked the senior advisor at the treasury and didn't consult the OBR before producing a budget. Two key mistakes he should definitely apologise for.
No need for an apology from Kwasi - BoE had raised rates since March this year and continue to do so. The real need for an apology should come from Boris, Rishi and all those who squandered £400 Billion during covid and locked the country down and had the BoE print lots of money - who was that - Rishy!
The comments on here are ridiculous, regardless of what side of the fence you sit on. Fundamentally he is spot on... endlessly raising taxes has been proven to not work, history has told us that.
If he was only following her instructions, it means he was just a figurehead Chancellor, and that, he was surplus to requirements. His sacking was thus justified.
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy 😊I have been earning $ 60,000 returns from my $9,000 investment every 21days.
The crypto market is highly profitable with an expert broker just like Mr Ray Dalio I got recommended to him and since then my financial life has been a success.
Long term investment is the best now. I invested $6,500 in march last year with Mr Ray Dalio and i top up my trade with $500 every week. Now, I'm having over $147,000 on my dashboard. Toping up your trade is really important.
Worth watching this if only to see what utter shamelessness looks like. Well done, Eton, you've smashed it again!
Extraordinary for Kwarteng to imply that he and Truss didn't think they were going to win the next election
So he essentially claims that they did the right thing, but were clueless in the way they did it. But, that's alright because that's the past, and he has moved on. An extraordinary level of arrogance - clearly school fees well spent there then.
Well said
Not only a blatant liar that cannot report the actual facts but wishes to rewrite events / history. Despicable waste of space Kwarteng...
The speed was the main fault though they needed to rush to stem the tide.
It's not arrogance but a man trying to stand his political ground for future sake.
@@Rubbish_Stinks The sad case of a visionary of libertarian Brexit economics being brought down by the power of the financial market in revolt. Such a cruel irony. Poor Kwasi.
He got a scholarship, so no school fees.
Kwasi Kwarteng shouldn’t took the job when Liz Truss was in charge as PM. All these policies were implemented by Liz Truss and throw under the bus.
Poor man was thrown under the bus
More like a slow moving tank
because of a shitshow he created!
Pathetic excuse! Bottom line is he didn't need to take the job 😡
Black Lives Matter !!!
@@Sam19509 matter of time before the dumb racist comments came in.
‘I can’t remember if she was shedding tears’. Yea, ok mate.
Arrogance personified, they sacked the experience necessary to advise on the slow down and the msrket reactions but were too intelligent to be told
No apology. Obviously.
he'll call her back. right.
BBC headline: "I told Liz Truss she was going too fast, says Kwasi Kwarteng." The scenario is NOT difficult to dissect &/or understand . He was the Chancellor and (quite literally) concocted a "economic" plan. She was the PM and signed it off. Please note: both individuals took the "unusual step" of NOT listening to their advisors . "Yes" the situation was already dire before they did what they did. But, the totally disastrous "mini budget" that almost swallowed the entire UK economy into the abyss and that has NOW triggered an irreversible global current currency crisis (purchasing power of fiat currencies dilapidated by non negotiable £65bn bond buying by BoE to prop up ALL pensions ) PLUS Government debt being totally unattractive lays squarely & squarely at this mans door. "Yes" she threw him under a bus. But now he's got back up and now going to try and throw her under a bus? What about us left holding the bill via additional taxes and inflation, not to mention lay offs in the job market???? This is the reality of the aftermath of ultimately their actions! Yet all these (once secret lovers) can do is throw mid at each other!
The only thing that matters is themsekves. Sicken to The core. If I had my way, BOTH individuals would be stripped of their wealth to (desperately) help cover the bill for their "mistakes", might even have an appointment with the hangman for a display of arrogance that is beyond belief.
Along with stripping Sunak and Johnson of the wealth too.
He carnt even say sorry the horrible man
Did Liz Truss go too far too fast?
No she put the final nail in the Brexit coffin and showed that right wing rhetoric wins elections and left wing policies work . Shame she crashed the economy tho 😂
Did someone in your office really just type that question? 😳
Edit: And were they actually paid?
She became zealous.
He takes no responsibility for causing the worst economic shock in this country history. He will go down in history as the worst chancellor this county has ever seen. Shame on you. Million of people are worse off because of you.
If this guy new how me and wife have been saving and scrimping all year to raise a deposit , only to have the rug pulled off our feet as we reached the end and now we cannot afford anything reasonable and we will be forced to continue to pay extortionate rents …. and he can’t say the simple word ‘sorry’ … do the pair of them know what misery they visited much of the nation.
Feel sorry for u mate had the same happen to me
Sorry for your disappointmnet BUT BoE raised interest rates since March, and continue to do so, so this budget had minimal effect. Boris and Rishi squandered nearly £400 Billion during covid and the BoE printed money that is where the problem arises. Dont try and make Truss/Kwasi the fall guys.
It’s disgusting isn’t it. Not having the manners and courtesy to apologise just tells us what revolting individuals we have representing us.
And the incompetent moron will now obviously be fast tracked into the House of Lords with a Peerage. They all belong in jail.
No man , yes the rates were rising but at a certain pace … the sudden jump in interest rates at the end of September was the direct result of the irresponsible way in which Kwasi and Truss approached the economy … it means some people who had been accepted for reasonable mortgage had their offers reversed … imagine that … to try to absolve this pair for messing is frankly disingenuous bro…
Best thing to come out of this for him is a hard lesson on trust. Hard enough for people to trust politicians let alone them having trust in each other.
Best PM and Chancellor we ever had.
See how they turn , not someone you would trust to take as a friend!🤔
Truss knew that she was on borrowed time because the WEF were breathing down her neck, and she wanted to give power back to the individual, which is not allowed by Klaus and his chums.
This obsession with infinite growth is crazy …
Feel bad for the man. He was chucked under the bus by Liz. What makes it worst is that they were intimate together and were more than friends.
EDIT: actually now that I've watched the full video, I don't feel bad for him. He's refused to apologise and take full accountability. Even Sunak and Hancock are willing to apologise for mistakes.
It was her fault, it was his fault, what are they? Children? 👶😭
The only think he would no apologise for was the rise in mortgages BUT these were going to go up anyway - the Bank of England had already raised them March 17th to 0.75%, May 5th to 1%, June 16th to 1.25%, August 4th to 1.17% , Sept 22nd to 2.25% Nov 3rd to 3% so rises before and after Kwasi's budget - and Hunt announced plans to increase tax etc. so no reason to apologise. Those whose fixed rates are coming to an end always knew they would rise from the much lower rates.
@@michaelicornelius No Michael, this is about the havoc he caused in the gilt markets.
@@KJ-js7pi why should he apologise for wanting to help small and medium businesses and allow working people to keep more of what they earn
"I will call her back"
Brilliant interview worth watching. 👌
Nothing to do with me gov.
Is this admittance or denial it was a waste of time like an eel when it comes to a straight answer and a apology🤯😑
No need for an apology BoE had raised rates since March this year and continue to do so. The real need for an apology should come from Boris, Rishi and all those who squandered £400 Billion during covid and locked the country down and had the BoE print lots of money - who was that - Rishi!
Destroy and exit job well done.
Not a good start to his rehab
Sorry to all UK citizens is a basic demand, all excuse and defending do it later. For fcnjf sake
I can’t stand so-called journalists that try to play gotcha games.
Yeah we should let The Tories lie unchallenged.
You hate reality.
I think he just didn't have a clue what he was doing, as he was drive by ideology not basic economics.
he was indeed driven by ideology but it’s wrong to say he didn’t know what he was doing as he is well educated in economics and has a phd in economic history and was a scholarship student to eton, cambridge and harvard. He was intellectually gifted and widely viewed by his teachers at Eton as the smartest students they have ever thought. He signed up to an ideology that require his mind and thought to be dormant as opposed to thinking
What a clown! I wouldn't put him or Truss in charge of a candy floss stall at the seaside. The least he could do is say "Sorry" for tanking the economy and causing people financial misery. He talks about the bad situation around the world but not about the fact that he and Truss paid no attention to wiser people than them in government who could have warned them about all that before they dropped their bomb.
Armando Iannucci couldn't write this.
Sorry always seems to be the hardest worst with this lot.
My dad once told me, "son, to say sorry is the most most easiest & cheapest thing you can offer someone when you've done wrong. "
Don't fall for that old chestnut!!!!!
Wonder who made financial gain from the orchestrated "madness"?!!
Yea, and he celebrated it with a champagne reception with all his fellow City crooks.
He will be wanting another cabinet job
Say sorry! Arrogant charlie!!!!
No one is going to give you a government job mate
Kwasi is great sad he was painted in such a poor light
What is so difficult about saying sorry?
Sorry for what and to who. Get a grip. He didn’t pile the debt you are struggling to pay now.
@@sundayodabe8150 in that case, he should say, he ain’t sorry about anything.
Just stop all the dancing
it shows flawed political thinking, weakness, vulnerability and guilt - not winning attributes of statesmanship.
Sorry is Tory Kryptonite 😖
The £440 Billion covid debt is not his. But the problem is he went too fast and the market didn't like that. I assume you want him to apologize for not reading the market. I was surprised Tom didn't ask him why he sacked the senior advisor at the treasury and didn't consult the OBR before producing a budget. Two key mistakes he should definitely apologise for.
A great chancellor
Onanist
Wrong leader!
If you believe that.......
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
quasi means almost
Please please change your interview setting
Waiting for the sorry as our mortgage rates soar... 💀...
(no comment) 😡😡😡
No need for an apology from Kwasi - BoE had raised rates since March this year and continue to do so. The real need for an apology should come from Boris, Rishi and all those who squandered £400 Billion during covid and locked the country down and had the BoE print lots of money - who was that - Rishy!
@@michaelicornelius I guess sorry for any Tory is like Kryptonite 🤮
Let's blame somebody else eh
The comments on here are ridiculous, regardless of what side of the fence you sit on. Fundamentally he is spot on... endlessly raising taxes has been proven to not work, history has told us that.
Liz Truss is to blame. Mr Kwarteng just followed her instructions
If he was only following her instructions, it means he was just a figurehead Chancellor, and that, he was surplus to requirements. His sacking was thus justified.
@@scipioafricanus9841 No one said it wasn't justified. Am saying Liz should have also gone straight away.
Kwasi is snuffling for WEF redemption. What a slug.
What’s your point?
Dont think he was, and even if he was they wouldn't give it - Ming the Merciless!
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy 😊I have been earning $ 60,000 returns from my $9,000 investment every 21days.
This must be an investment with Mr Ray Dalio
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mr Ray Dalio I think he is the best broker I ever seen
The crypto market is highly profitable with an expert broker just like Mr Ray Dalio I got recommended to him and since then my financial life has been a success.
Long term investment is the best now. I invested $6,500 in march last year with Mr Ray Dalio and i top up my trade with $500 every week. Now, I'm having over $147,000 on my dashboard. Toping up your trade is really important.
I would love to hear more about your amazing success
*My life is totally changed because I've been earning $43k returns from my $9,500 investment*
I’m astonished, I think am the only one familiar with Mr Edward, he handles my account too.
My first investment with him gave me profits of over $27k U.S dollars and he does not fail
This is really helpful for my situation I think for people to talk all this good about him he must be an expert,
Can I have a free lunch please?
If you were genuine you would not be sharing this information...
Kwasi Krakatoa
Wa ker