Here’s my plan for growth, Liz Truss: rejoin the EU and let its citizens work here

It was no good for the PM and Kwasi Kwarteng to dismiss U-turns on their growth plan as distractions', the damage is done

First the dynamic duo, Liz Truss and Kwasi Kwarteng, were going to hit the ground running"; then they claimed they hadn't prepared the ground they were going to hit. What their marriage of culpable ignorance and arrogance in fact achieved was something greeted with astonishment not only by them, but worldwide: they hit the pound running.

The Conservative party took a long time to recover from Black Wednesday, 16 September 1992, when the pound was ejected humiliatingly from the European Exchange Rate Mechanism - the ERM - membership of which had become the fulcrum of their economic policy.