Oct 13th, 2022
UK Turmoil Blame Game: Kwarteng Scapegoats Bailey
UK Chancellor of the Exchequer Kwasi Kwarteng and Bank of England Governor Andrew Bailey are at loggerheads as a deadline approaches for the central bank to end a bond-buying program it started to calm investors rattled by Prime Minister Liz Truss’s unfunded tax cut plan. Kwarteng says any fresh turmoil in markets would be “a matter for the governor.” Lizzy Burden reports on Bloomberg Television.
