Advertisement
UK markets close in 54 minutes
  • FTSE 100

    8,312.76
    +99.27 (+1.21%)
     
  • FTSE 250

    20,383.75
    +219.21 (+1.09%)
     
  • AIM

    775.87
    +4.34 (+0.56%)
     
  • GBP/EUR

    1.1652
    -0.0008 (-0.07%)
     
  • GBP/USD

    1.2556
    -0.0008 (-0.06%)
     
  • Bitcoin GBP

    50,271.92
    -617.09 (-1.21%)
     
  • CMC Crypto 200

    1,314.79
    -50.33 (-3.69%)
     
  • S&P 500

    5,188.27
    +7.53 (+0.15%)
     
  • DOW

    38,946.74
    +94.47 (+0.24%)
     
  • CRUDE OIL

    77.95
    -0.53 (-0.68%)
     
  • GOLD FUTURES

    2,328.90
    -2.30 (-0.10%)
     
  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     
  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     
  • DAX

    18,369.82
    +194.61 (+1.07%)
     
  • CAC 40

    8,053.78
    +57.14 (+0.71%)
     

UK's Kwarteng: Mini budget was essential in resetting debate around growth

FILE PHOTO: Chancellor's statement on the Government's Growth Plan

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.

(Reporting by Sachin Ravikumar, Editing by Kylie MacLellan)