Chief Secretary to the Treasury Chris Philp tries to pin UK financial turmoil on Putin's invasion of Ukraine. Furious Nick Ferrari blasts his response as “pitiful”
After the Chancellor's radical shake-up of the UK's finances was announced, the pound crashed, mortgage products were pulled and the Bank of England had to step in with a £65bn bailout to avert a pension fund crisis.
"Just a few days ago we saw the Bank of Japan exceptionally intervening in the Yen, we’ve seen all kinds of things happen around the world, we’ve seen interest rates rising around the world…""I don’t accept your characterisation," said Mr Philp.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chris Mason: Liz Truss' troubles have left Labour buoyantKeir Starmer thinks the UK's economic turmoil presents him with a chance, says our political editor.
Read more »
OFCOM's Lord Grade: 'tech companies have got to take responsibility' for their part in Molly Russel's deathAhead of his speech at the Royal Television Society's convention, OFCOM's chairman Lord Grade tells Nick Ferrari 'serious regulations' are coming for tech companies associated with 14-year-old Molly Russell's suicide.
Read more »
What a week of market turmoil and the Bank's intervention on gilts means for your moneyWhat a week of market turmoil and the Bank's intervention on gilts means for your money Business and money editor jessiehewitson explains.
Read more »
Marr: It is a dereliction of duty that Truss and Kwarteng didn't speak today - cowardly and shamefulAndrew Marr: 'The lack of a statement from Liz Truss and Kwasi Kwarteng is cowardly and shameful - it's a dereliction of duty.' See the LBC's presenter's extraordinary attack on the PM and Chancellor here:
Read more »