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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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fnlondon.comMark 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
Price Increases Come Easily for Big Businesses, but Inflation Still Squeezes Profits wsj.com /2 years ago
Nadhim Zahawi apologises for economic turmoil after mini-budget theguardian.com /2 years ago
Who’s paying for Britain’s disastrous mini-budget? We are, with our health theguardian.com /2 years ago
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