Market reaction is 'very different' from Liz Truss turmoil
Manchester Evening News|November 02, 2024
THE UK is in a "very different world" compared to the turmoil which followed Liz Truss' economic plans, a minister has said as the Government seeks to quell post-Budget market jitters.
Market reaction is 'very different' from Liz Truss turmoil

The scale of extra borrowing in Rachel Reeves' Budget £32bn a year on average - saw yields on Government bonds increase as the market responded to the Chancellor's plans.

The value of the pound has also fallen against the dollar following Labour's first Budget in more than 14 years.

But Darren Jones, Ms Reeves' deputy at the Treasury, told Sky News yesterday that "markets always respond to budgets in the normal way" "I think we've all got PTSD from Liz Truss," he added.

هذه القصة مأخوذة من طبعة November 02, 2024 من Manchester Evening News.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 02, 2024 من Manchester Evening News.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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