LONDON (Reuters) – The British government’s so-called mini budget was essential in helping reset the debate around growth, finance minister Kwasi Kwarteng said on Thursday, after nearly a week of chaos in financial markets triggered by its huge tax cuts.
“The mini budget was absolutely essential in resetting the debate around growth and focusing us on delivering much better growth outcomes,” he told reporters while on a visit to a local business in northern England, when asked if it had been an economic disaster.
Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!
By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.
(Reporting by Sachin Ravikumar, Editing by Kylie MacLellan)
