Kwasi Kwarteng's letter to Liz Truss and her reply

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'Thank goodness he's gone, it's time the Prime Minister went!' Labour MP Meg Hillier explains how Labour is prepared to capitalise on the recent difficulties of the Conservative party. politicslondon |

. Here is his letter to Prime Minister Liz Truss.When you asked me to serve as your chancellor, I did so in full knowledge that the situation we faced was incredibly difficult, with rising global interest rates and energy prices. However, your vision of optimism, growth and change was right.

The economic environment has changed rapidly since we set out the Growth Plan on 23 September. In response, together with the Bank of England and excellent officials at the Treasury we have responded to those events, and I commend my officials for their dedication. We have been colleagues and friends for many years. In that time, I have seen your dedication and determination. I believe your vision is the right one. It has been an honour to serve as your first chancellor.The prime minister responded as follows:Thank you for your letter. As a long-standing friend and colleague, I am deeply sorry to lose you from the Government.You have been Chancellor in extraordinarily challenging times in the face of severe global headwinds.

Thanks to your intervention, families will be able to heat their homes this winter and thousands of jobs and livelihoods will be saved.

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