City Of London
City of London Shellshocked by Kwarteng’s ‘Fiasco’ of a Budget
- Government’s policies described as ‘voodoo economics’
- Self-inflicted financial crisis hits pound, UK debt yields
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A mini-budget designed to please bankers instead left many in the City of London appalled after a chaotic week that saw the value of the pound whipsaw and the Bank of England intervene in the gilts market to stave off a crash.