Labour MP Rupa Huq has had the whip suspended after making comments about Chancellor Kwasi Kwarteng, which were branded “racist”. Speaking at an event on the fringes of the Labour Party Conference, she said: “Superficially he is a black man”. She added: “He went to Eton I think he went to a very expensive prep school…
“If you hear him on the Today programme, you wouldn’t know he is black”.
Ms Huq added: “Superficially they’ve had four brown Chancellors and that.
“But when you have a little brown guy who, and also the leadership contest I think that I’d say alludes to that, when there was say Suella Braverman, Kemi Badenock, all these people in it.”
She made the comments at an event entitled “What’s next for Labour’s agenda on race?”, which took place on the fringes of the conference in Liverpool.
Borrowing costs reached their highest levels since August 2008 on Monday morning.
Responding to the developments, Mr Kwarteng told the BBC: “As chancellor of the exchequer, I don’t comment on market movements.
“What I am focused on is growing the economy and making sure that Britain is an attractive place to invest”.
US investment bank J P Morgan said the plummeting pound exposed a “broader loss of investor confidence in the government’s approach”.
Meanwhile, Citi said the Chancellor’s tax giveaway, which is the biggest of its kind since 1972, risked causing a “confidence crisis in sterling”.