PM and chancellor 'completely on top' of economy despite being on holiday

Credit: Sky News- Published on August 5, 2022
Kwasi Kwarteng has insisted the PM and chancellor are "completely on top" of the UK's economic problems after the pair were criticised for going on holiday as the Bank of Englandย warned of the longest recession since the 2008 financial crisis.

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Kwasi Kwarteng

Chancellor of the Exchequer (United Kingdom) since 2022
Liz Truss and Kwasi Kwarteng have met the head of the UK's independent fiscal watchdog amid the fallout from the government's mini-budget.
21 hours ago • Sky News
Liz Truss will meet the head of the UK's independent fiscal watchdog tomorrow after a powerful group of cross-party MPs demanded the chancellor release a full..
2 days ago • Sky News

Bank of England

Central bank of the United Kingdom
The Bank of England's dramatic intervention today was in response to a "run dynamic" emerging in the British pensions system which could have resulted in the..
3 days ago • Sky News
The Bank of England has made the very unusual move of buying 'long-dated gilts' to restore stability after Liz Truss and Kwasi Kwarteng's mini-budget sent the..
Credit: Sky News - Published 3 days ago

The International Monetary Fund (IMF) has criticised the UK government's mini-budget, saying the plans for tax cuts and spending will increase inequality and..
3 days ago • Sky News
The Bank of England's chief economist has said the government's latest economic announcement will require "a significant monetary policy response".
Credit: Sky News - Published 4 days ago

The Bank of England says it "will not hesitate to change interest rates as necessary" after markets reacted badly to the chancellor's tax-cutting mini-budget.
Credit: Sky News - Published 5 days ago

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