Market turmoil, borrowing costs up, Rachel Reeves far away – it reminds me of my own time as Chancellor

HERE we go again. Markets in turmoil. Borrowing costs going up. A Chancellor far away in a foreign land.

It reminds me of my own short-lived period as Chancellor of the Exchequer under Liz Truss in 2022.

The current economic turmoil reminds Kwasi Kwarteng of his own short-lived period as Chancellor of the Exchequer AlamyKwarteng was sacked as Chancellor by Liz Truss in 2022, shortly before she also stood down as PM[/caption]

I was summoned back from Washington and summarily dismissed.