Kwasi Kwarteng has admitted he “got carried away” when he was Britain's chancellor and said he and former prime minister Liz Truss “blew” their brief stint in power.
Mr Kwarteng, who was sacked by Ms Truss after introducing her tax-cutting agenda said there was "no tactical subtlety whatsoever".
He told The Financial Times: "People got carried away, myself included. There was no tactical subtlety whatsoever.
"My biggest regret is we weren't tactically astute and we were too impatient. There was a brief moment and the people in charge, myself included, blew it."
Mr Kwarteng has spoken publicly only a handful of times about his disastrous mini-budget and ousting from government, as Prime Minister Rishi Sunak and Chancellor Jeremy Hunt promptly shifted direction in a bid to reassure financial markets.
Ms Truss was ousted after seven weeks in power, when her tax cuts spooked the markets.
The MP for Spelthorne in November previously claimed he told Ms Truss to "slow down" her radical economic reforms or risk being out of No 10 within "two months".
His latest intervention came after Mr Hunt unveiled so-called his "Edinburgh reforms" ― 30 changes expected to turbocharge growth, including by easing capital requirements for smaller lenders.
Mr Kwarteng had hoped as chancellor to oversee a "Big Bang 2.0" ― a reference to Margaret Thatcher's 1986 policies that kicked sweeping changes in the City of London.
The now-backbench MP criticised Ms Truss's "mad" decision to sack him as chancellor for implementing her plans, while refusing to apologise for the financial turmoil unleashed by their disastrous mini-budget.
Kwasi Kwarteng sacked as UK Chancellor — in pictures
Using more than £70 billion of increased borrowing, he set out a package which included abolishing the top rate of income tax for the highest earners and axing the cap on bankers' bonuses, on top of a massively expensive energy support package.
The mini-budget triggered turbulence in the financial markets, sending the pound tumbling, forcing the Bank of England's intervention and pushing up mortgage rates.
Two days later, he signalled more tax cuts were on the way, spooking markets further.
Mr Kwarteng's latest comments came after Ms Truss's former chief speech writer said she took a "Spinal Tap approach" to government, demanding the volume was "turned up to 11".
Asa Bennett said the former prime minister had arrived in Downing Street determined to put "rocket boosters" under the economy and that it was a matter of "bitter regret" that her efforts had failed.
Ms Truss's short-lived premiership ended in humiliation after her mini-budget led to chaos on financial markets forcing the Bank of England to take emergency action to prevent pension funds collapsing.
Ms Truss resigned after only 44 days in office, with her economic measures swiftly ripped up by Chancellor Hunt and her successor at No 10, Mr Sunak.
Ramy%3A%20Season%203%2C%20Episode%201
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Gender equality in the workplace still 200 years away
It will take centuries to achieve gender parity in workplaces around the globe, according to a December report from the World Economic Forum.
The WEF study said there had been some improvements in wage equality in 2018 compared to 2017, when the global gender gap widened for the first time in a decade.
But it warned that these were offset by declining representation of women in politics, coupled with greater inequality in their access to health and education.
At current rates, the global gender gap across a range of areas will not close for another 108 years, while it is expected to take 202 years to close the workplace gap, WEF found.
The Geneva-based organisation's annual report tracked disparities between the sexes in 149 countries across four areas: education, health, economic opportunity and political empowerment.
After years of advances in education, health and political representation, women registered setbacks in all three areas this year, WEF said.
Only in the area of economic opportunity did the gender gap narrow somewhat, although there is not much to celebrate, with the global wage gap narrowing to nearly 51 per cent.
And the number of women in leadership roles has risen to 34 per cent globally, WEF said.
At the same time, the report showed there are now proportionately fewer women than men participating in the workforce, suggesting that automation is having a disproportionate impact on jobs traditionally performed by women.
And women are significantly under-represented in growing areas of employment that require science, technology, engineering and mathematics skills, WEF said.
* Agence France Presse
The%20specs
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The specs
Engine: 3.0-litre 6-cyl turbo
Power: 435hp at 5,900rpm
Torque: 520Nm at 1,800-5,500rpm
Transmission: 9-speed auto
Price: from Dh498,542
On sale: now
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
Engine: 3.5-litre V6
Transmission: eight-speed automatic
Power: 290hp
Torque: 340Nm
Price: Dh155,800
On sale: now
THE BIO
Ambition: To create awareness among young about people with disabilities and make the world a more inclusive place
Job Title: Human resources administrator, Expo 2020 Dubai
First jobs: Co-ordinator with Magrudy Enterprises; HR coordinator at Jumeirah Group
Entrepreneur: Started his own graphic design business
Favourite singer: Avril Lavigne
Favourite travel destination: Germany and Saudi Arabia
Family: Six sisters
UAE currency: the story behind the money in your pockets
Result
2.15pm: Maiden Dh75,000 1,950m; Winner: Majestic Thunder, Tadhg O’Shea (jockey), Satish Seemar (trainer).
2.45pm: Handicap Dh80,000 1,800m; Winner: Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.
3.15pm: Handicap Dh85,000 1,600m; Winner: Native Appeal, Adam McLean, Doug Watson.
3.45pm: Handicap Dh115,000 1,950m; Winner: Conclusion, Antonio Fresu, Musabah Al Muhairi.
4.15pm: Handicap Dh100,000 1,400m; Winner: Pilgrim’s Treasure, Tadhg O’Shea, Satish Seemar.
4.45pm: Maiden Dh75,000 1,400m; Winner: Sanad Libya, Richard Mullen, Satish Seemar.
5.15pm: Handicap Dh90,000 1,000m; Winner: Midlander, Richard Mullen, Satish Seemar
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Company%20profile
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RESULTS
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UAE currency: the story behind the money in your pockets
