"Kwasi Kwarteng leaves with egg on his face, the economy in a downward spin, and Liz Truss' premiership hanging by a thread.

"Forget any political point-scoring or personal agendas, this whole episode - from the mini-budget on September 23 through to today's unceremonious dismissal of the Chancellor - has set Britain back at a time when clear, decisive action was needed.

"Households across the country are trying to get a grip on their finances, pension planners have been trying to understand how fluctuations in financial markets will affect their savings, and retirees are re-entering the workforce in their thousands.

"Policies and financial support schemes were required to ease concerns, soften the blow of the cost-of-living crisis, and enable people to plan their finances more effectively."

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