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They ask to investigate the British Chancellor of the Exchequer after a private party with directors of vulture funds

MADRID, 2 Oct.

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They ask to investigate the British Chancellor of the Exchequer after a private party with directors of vulture funds

MADRID, 2 Oct. (EUROPA PRESS) -

The new British Chancellor of the Exchequer, Kwasi Kwarteng, has been the target of criticism and even a request for an investigation after it became known that he was at a private party with directors of investment funds or vulture funds before presenting the controversial tax reduction plan for higher rents.

The newspaper 'The Sunday Times' has published that Kwarteng was at an event in the London neighborhood of Chelsea on September 23 in which the directors encouraged him to defend his tax reduction plan and highlighted that those responsible for the financial funds that organized the party benefited directly from the fall in the pound that occurred after the presentation of the fiscal plan.

The British Prime Minister, Lizz Truss, has been questioned about the advisability of Kwarteng participating in this type of act, taking into account the damage that inflation is doing. "I wake up every morning thinking about how to make the people of our country more successful, make them safer, how to help people get through this difficult time," she said.

"That is what I am focused on. That is what the finance minister is focused on and what the entire government is focused on," she stressed.

The president of the Conservative Party, Jak Berry, also present at the controversial act, denied this Sunday in statements to the Sky News chain that Kwarteng discussed the tax reduction plan at the party. "I didn't hear him talk about it. I heard him talk about his plan to generate growth," he said.

Berry has defended party relations with businessmen and has stated that "they should be praised" for this type of act that is "something normal" for the Ministry of Finance.

The Liberal Democratic Party has called for an official investigation. "Households are having a hard time. They see their mortgages skyrocket and the Chancellor of the Exchequer drinking champagne with hedge fund managers who benefit from the pound falling," Liberal spokeswoman Sarah Olney said.

Sources from the Ministry of Finance have stressed that "it makes no sense to insinuate that those attending (the party) had access to privileged information." "The Government's intention to reduce the tax burden is not a State secret," they have argued.

The cut plan of Truss and his finance minister, Kwasi Kwarteng, the most aggressive in half a century, ended up triggering the risk premium of British debt until it was close to that of Italy and forced the Bank of England to announce a forthcoming increase in interest rates.

Among other measures, the plan contemplates the elimination of the maximum rate of 45 percent (a decision for which Truss held Kwarteng responsible), the reduction from 20% to 19% of the basic rate, the elimination of the increase in corporate tax implemented by the previous Cabinet and the annulment of the current limit on bonuses received by bankers.

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