Julian Harris: Is Sorry the Hardest Word for UK Chancellors?
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Nearly three years on, the Tories have apologized for their disastrous mini-budget that put sterling into freefall and forced the Bank of England to prop up government debt. Shadow Chancellor Mel Stride said today that the party 'put at risk the very stability which Conservatives had always said must be carefully protected' during Liz Truss's brief and calamitous spell as prime minister in the autumn of 2022.
In a speech at the Royal Society of Arts, trailed in some media last night, Stride admitted that regaining credibility 'will take time. And it also requires contrition.'
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