UK Government ‘Undercutting’ Key Economic Institutions: Former Central Bank Governor

[Epoch-Times-Bot]

UK Government 'Undercutting' Key Economic Institutions: Former Central Bank Governor

The UK government has been working at "cross-purposes" with the central bank and "undercutting" the country's key economic institutions, a former governor of the Bank of England has warned.
Sir Mark Carney, who served as governor of the Bank of England from 2013 to 2020, criticised the government's mini-budget, which has led to turmoil in the financial markets.
Chancellor Kwasi Kwarteng on Sept. 23 unveiled the biggest package of tax cuts in half a century, which was aimed at spurring growth in the UK economy but sparked panic among investors concerned about increased government borrowing, causing the pound to fall and borrowing costs to soar....

Source: UK Government 'Undercutting' Key Economic Institutions: Former Central Bank Governor

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