Labour accuse Kwarteng of ‘fanning flames’ of falling pound
The shadow chancellor says the promise of “more unfunded tax cuts” led to sterling’s value plummeting. …
“I think many people had hoped over the weekend things would calm down but I do think the Chancellor fanned the flames on Sunday in suggesting there may be more stimulus, more unfunded tax cuts, which has resulted overnight in the pound falling to an all-time low against the dollar.”
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