'No comment', says Kwasi Kwarteng after pound hits record low
The chancellor has refused to comment as sterling plummeted to an all-time low against the dollar, with speculation the Bank of England could intervene as soon as Monday. Subscribe to Guardian News on YouTube ► http://bit.ly/guardianwiressub Kwasi Kwarteng was repeatedly questioned by reporters about the turmoil in the markets caused by his sweeping tax cuts and the need for tens of billions of pounds in extra borrowing, as he walked to his office in Westminster. Business live updates: sterling plunges ► https://www.theguardian.com/business/live/2022/sep/26/sterling-record-low-tax-cuts-investors-kwarteng-truss-ftse-stock-markets-business-live Kwasi Kwarteng refuses to comment as pound hits all-time low against dollar ► https://www.theguardian.com/politics/2022/sep/26/kwasi-kwarteng-refuses-to-comment-as-pound-hits-all-time-low-against-dollar The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://bit.ly/3uhA7zg Sign up to the Guardian's free new daily newsletter, First Edition ► http://theguardian.com/first-edition Website ► https://www.theguardian.com Facebook ►https://www.facebook.com/theguardian Twitter ► https://twitter.com/guardian Instagram ► https://instagram.com/guardian The Guardian on YouTube: The Guardian ► https://bit.ly/guardiannewssubs Guardian Australia ► https://bit.ly/guardianaussubs Guardian Football ► https://bit.ly/gdnfootballsubs Guardian Sport ► https://bit.ly/gdnsportsubs Guardian Live ► https://bit.ly/guardianlivesubs #KwasiKwarteng #PoundExchangeRate #SterlingPoundPlummet #Economy #CostOfLiving #UK
