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Kwarteng Tells City Bosses He’s Confident in UK Fiscal Plan

  • Kwarteng met with executives from banks, insurers on Tuesday
  • Truss government trying to calm investors after market rout
UK Chancellor of the Exchequer Kwasi Kwarteng said he’s “confident” about his economic strategy in a meeting with city chiefs on Tuesday.
UK Chancellor of the Exchequer Kwasi Kwarteng said he’s “confident” about his economic strategy in a meeting with city chiefs on Tuesday.

Source: HM Treasury

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Chancellor of the Exchequer Kwasi Kwarteng vowed to stay the course on his economic strategy in the face of a market selloff that sent the pound to a record low against the dollar.