Finance Minister Kwasi Kwarteng on Monday said the government would not be distracted from delivering on its growth plan, shortly after the government dramatically abandoned its intention to cut income tax for the country's highest earners.
"What a day," Kwarteng said as he addressed attendees at the Conservative Party's annual fall conference in the central England city of Birmingham.
Alongside new Prime Minister Liz Truss, Kwarteng had spent the last 10 days defending the policy even as the British pound dropped to an all-time low, mortgage deals were pulled from the market and U.K.
"I can be frank, I know the plan put forward only 10 days ago has caused a little turbulence," Kwarteng said.
"We get it, and we have listened," Kwarteng said in a statement Monday morning.