https://www.bbc.co.uk/news/uk-63106939.amp
/The Conservative Party chairman has defended the chancellor after a report claimed he discussed confidential plans for the economy with financiers at a private champagne reception.
Jake Berry said Kwasi Kwarteng had not shared any insights at the party - which he was also at - held in the hours after his mini-budget last week.
The Sunday Times said hedge fund managers, who might gain from a crash in the pound, had "egged him" on./
https://www.opendemocracy.net/en/kwasi-kwarteng-crispin-odey-government-bonds-profit/
/As mortgage rates rise and the cost of living crisis deepens in the aftermath of Kwasi Kwarteng’s mini-budget, some politicians and their friends in the City continue to ride high above the economic storm – and even profit from it.
One investor who is making millions out of the financial crisis is the new chancellor’s former employer: high-profile hedge fund manager Crispin Odey.
Odey’s fund has been betting that the cost of government debt would increase, and that’s precisely what’s been happening – particularly since the controversial mini-budget last Friday.
But even before the chancellor’s announcements sent UK government bonds into a tailspin, Reuters had reported that Odey Asset Management was up 145% in 2022, thanks to its bet against bonds./
Not so much a ‘useful idiot’ but more a spy giving away secrets I’d say? It’s certainly all very suspicious.