‘No comment’, says Kwasi Kwarteng after pound hits record low

Guardian News published this video item, entitled “‘No comment’, says Kwasi Kwarteng after pound hits record low” – below is their description.

The chancellor has refused to comment as sterling plummeted to an all-time low against the dollar, with speculation the Bank of England could intervene as soon as Monday. Kwasi Kwarteng was repeatedly questioned by reporters about the turmoil in the markets caused by his sweeping tax cuts and the need for tens of billions of pounds in extra borrowing, as he walked to his office in Westminster

Business live updates: sterling plunges

Kwasi Kwarteng refuses to comment as pound hits all-time low against dollar

Guardian News YouTube Channel

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In This Story: Bank of England

The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.

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