Chancellor 'not going to make any comment now' on pound
Kwasi Kwarteng has declined to comment on the financial market reaction since his mini-budget on Friday.
The pound fell to a record low against the dollar as markets reacted to the UK's biggest tax cuts in 50 years.
Asked repeatedly for a response to the volatility on the markets, he said: “I’m not going to make any comment now”.
Live updates on this story here: Pound slumps to all-time low against dollar
Related topics
- UK economyUpdates from your News topics will appear in My News and in a collection on the News homepage.
- Kwasi KwartengUpdates from your News topics will appear in My News and in a collection on the News homepage.