UK Treasury minister Andrew Griffith defends mini-budget plans as pound faces turmoil

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28.09.2022
Guardian News

Guardian News

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22.10.2014
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The financial secretary to the Treasury, Andrew Griffith, has defended the government's budget plans after it came under sharp criticism from within the Tory party and Labour following a day of turmoil in UK financial markets. Subscribe to Guardian News on YouTube ► 🤍bit.ly/guardianwiressub 'We think they are the right plans, because those plans make our economy competitive,' said Griffith. His comments came after the Bank of England intervened to stabilise financial markets saying it was pushed to act after UK borrowing costs rose sharply and the pound fell against the dollar, a development triggered by chancellor Kwarteng's 'mini-budget'. 'Well what we've seen today is the Bank of England do their job. They've made a targeted and timely intervention in the market, that's their decision but they've done so working very closely with the chancellor,' Griffith continued, arguing that other major economies were struggling with similar economic headwinds. Bank’s intervention may not mark the end of market mayhem ► 🤍🤍theguardian.com/business/2022/sep/28/banks-intervention-may-not-mark-the-end-of-market-mayhem Tories pile pressure on Truss and Kwarteng to reverse tax-cutting plan ► 🤍🤍theguardian.com/politics/2022/sep/28/truss-kwarteng-pressure-tories-tax-cuts-conservative-party-prime-minister-chancellor Truss ‘standing by Kwarteng’ as Treasury defends plans despite market turmoil – UK politics live ► 🤍🤍theguardian.com/politics/live/2022/sep/28/keir-starmer-mini-budget-truss-kwarteng-labour-conference-rayner-uk-politics-news-live#top-of-blog The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► 🤍bit.ly/3uhA7zg Sign up to the Guardian's free new daily newsletter, First Edition ► 🤍theguardian.com/first-edition Website ► 🤍🤍theguardian.com Facebook ►🤍🤍facebook.com/theguardian Twitter ► 🤍twitter.com/guardian Instagram ► 🤍instagram.com/guardian The Guardian on YouTube: The Guardian ► 🤍bit.ly/guardiannewssubs Guardian Australia ► 🤍bit.ly/guardianaussubs Guardian Football ► 🤍bit.ly/gdnfootballsubs Guardian Sport ► 🤍bit.ly/gdnsportsubs Guardian Live ► 🤍bit.ly/guardianlivesubs #BritishPound #MiniBudget #KwasiKwarteng #AndrewGriffith #UK #Politics

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UK Treasury minister Andrew Griffith defends mini-budget plans as pound faces turmoil
UK Treasury minister Andrew Griffith defends mini-budget plans as pound faces turmoil
UK Treasury minister Andrew Griffith defends mini-budget plans as pound faces turmoil
UK Treasury minister Andrew Griffith defends mini-budget plans as pound faces turmoil
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Комментарии пользователей:
LJ Mars
2022-09-30 12:45:53

Youtube won't let me share the link, but please sign the petition on the government website to get the Conservative government removed before they destroy the country.

MaxImpact
2022-09-29 19:43:25

He is completely right

Jeff Hughes
2022-09-29 18:19:23

With all the crisis happening, it has really affected the stock market, one needs to have a different portfolio
I already invested in forex and crypto which are really profitable

Daystar2006
2022-09-29 17:34:57

Whole world is concerned, including me(Indian), about UK economy. He is not concerned his policies. UK needed best mind available to be PM (apart from Liz & Rishi).

samsonlovesyou
2022-09-29 14:39:55

This is heading to a Mussolini moment.

Paul Gibbons
2022-09-29 13:49:33

Always need a war to cover up the criminal negligence. That's how capitalism works.

stonelane1827
2022-09-29 12:42:00

The Bank of England had to buy up UK Government Bonds to protect the market from tanking after your budget shafted everyone in the workforce of the UK. You want growth, you want the UK to be a leading manufacturer and exporter but that's going to be a little hard when we have all starved or frozen to death while we wait on the "trickle down" effect to kick in and save us all...

Alan Hall
2022-09-29 11:41:58

where do these numpties come from?

Evo Morales
2022-09-29 09:43:45

UK is a basketcase now. They are turning into an emerging market, they are losing in Ukraine and they still have monarchy in 2022. And their media makes less sense than a 10 year old!

jojo jam
2022-09-29 09:31:46

" I believe, what I`m doing is right." ----- Vladimir Putin.

MonkeyTrousers
2022-09-29 09:31:11

Putin did it.

Me h
2022-09-29 09:18:06

BREAKING NEWS! Unknown man defends the indefensible with words that mean nothing. Meanwhile, reality asks, "Can you turn me off and back on again to see if that helps?"

Earnest Equivocation
2022-09-29 09:10:56

That’s right Andrew, The BOE’s job is to be the grown up who corrects the errors of the reckless woefully unqualified puppets in Downing St.
You’re absurd chap. Indefensible drivel.

elyrexo
2022-09-29 07:17:50

Sunak should have been PM. He did warn everybody about the folly of Truss's policies.

Jogro
2022-09-29 06:05:31

governing by gaslight, and they said Truss would be a departure from Johnson...

Tommy Pistol
2022-09-29 02:13:08

Bailed out the Government

laghman funny
2022-09-29 01:23:13

Yes my friend tell me how to be fine, I have ringed the bell of how to do in the video, now you do Krishna in my video, but ring the bell, help me with my id, I am with you okay

Richard-Anthony Gilbey
2022-09-29 00:53:22

💂🏻‍♂️🍦💂🏻‍♂️🍦💂🏻‍♂️🍦💂🏻‍♂️🍦💂🏻‍♂️🍦💂🏻‍♂️
The boys are back
🏴󠁧󠁢󠁥󠁮󠁧󠁿🌹💎🌹🏴󠁧󠁢󠁥󠁮󠁧󠁿🌹💎🌹🏴󠁧󠁢󠁥󠁮󠁧󠁿🌹💎

Tommy Pistol
2022-09-28 22:57:57

blame game again,what a joker party these muppets are : Let’s put BOE in charge

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