Central Banks
BOE’s Cunliffe Says UK Market Panic Was Caused by Politicians
- Deputy governor cites ‘ministerial decisions on fiscal policy’
- Kwarteng weekend interviews also had impact on markets
Jon Cunliffe
Photographer: Chris Ratcliffe/Bloomberg
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British politicians at the top of government were the cause of the market chaos that followed the former Chancellor’s September fiscal statement and forced the Bank of England to intervene, according to the central bank’s deputy governor.