The evidence: did insider trading crash the Pound? [VIDEO SHORTS]
Kwasi Kwarteng definitely had meetings with hedge fund managers – or at least with his old boss Crispin Odey – during the run-up to the Tory leadership election in September.
Nobody involved with these meetings will say he mentioned anything about plans for the economy if his preferred candidate – Liz Truss – were to win.
But several hedge funds made a huge amount of money betting against the Pound when Kwarteng made his financial statement on September 24.
So is it not possible that Kwarteng let something slip, even though he didn’t know whether he would even be the Chancellor at the time?
Here’s the discussion:
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