A newly surfaced Sky News interview has left Chris Philp, the shadow home secretary, looking decidedly sheepish. In September 2022, days after Liz Truss’s mini-Budget sparked financial mayhem, Philp told BBC Breakfast’s Charlie Stayt he saw “no mistakes” in the plan—even as markets tanked and his own warnings went unheeded.
🙈 U-turns backstage
Philp now insists he cautioned ministers privately. “I opposed the way it was constructed,” he tells reporters. “I was arguing for spending restraint. Those warnings were sadly not listened to.” But on live TV, he gave the opposite impression.
💥 “Obviously had a bad impact”
Pressed on Sky News this Sunday, Philp admitted the mini-Budget “obviously had a bad impact” and said he spoke up behind closed doors. It’s a far cry from his on-air “no mistakes” claim—prompting Tory colleagues to wince.
🕵️ A clip that won’t lie down
The unearthed footage reminds voters how chaotic that autumn of 2022 felt. Mortgage rates soared, the pound plunged, and long queues formed at petrol pumps. Truss’s plan unravelled in just 49 days. Now her former Treasury lieutenant finds himself over his skis.
🎯 Lessons learned?
Philp vows the Conservatives have “learned our lesson” on unfunded tax cuts. He stresses the party now prioritises fiscal credibility. Yet that old clip stings—a vivid snapshot of a moment when “growth” rhetoric crashed headlong into reality.
You can watch the clips below:
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