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Ex-Bank of England governor Mark Carney blames mini-budget’s lack of detail for ‘big knock’ on UK economy
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Mark Carney said the UK’s financial system has taken a ‘big knock’ on account of the recent policy decisions led by the Truss administration, along with her chancellor Kwasi Kwarteng.
Speaking on BBC’s Today show on 29 September, as the pound slipped below $1.08 again, Carney said the markets had sent a clear message to the UK government in response to its moves on 23 September in which it squeezed Treasury coffers to dole out £45bn in tax cuts.
“It's...
Read more on fnlondon.comAbout this in other media
Volte-farce? Mini-budget climbdown joins list of other spectacular U-turns theguardian.com /2 years ago
Trussonomics: who were doomed mini-budget’s biggest cheerleaders? theguardian.com /2 years ago
Banker bonus cap may still be scrapped despite Jeremy Hunt’s U-turn on most of UK mini-budget fnlondon.com /2 years ago
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