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...
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