Ten Things You Need to Know Today: 2 October 2022

The Week’s daily digest of the news agenda, published at 8am

1. Questions over Kwarteng’s hedge fund party

The chancellor joined a private champagne reception hours after delivering his mini-budget where hedge fund managers who would profit from a crash in the pound encouraged him to commit to his plans. The news “raises questions” about Kwasi Kwarteng’s “political judgment,” said The Sunday Times. “It will also raise concern that the event informed his decision to announce plans for even bigger tax cuts,” it added. Earlier this week, The Times revealed that Kwarteng’s former hedge fund boss bet big on the pound falling after a lunch with the Tory politician.

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