Prime minister due to give interviews to regional stations in first appearance after days of economic upheaval
Sir Mark Carney, the former governor of the Bank of England, has criticised last week’s mini-budget, saying it undermined financial institions.
In an interview with the BBC’s Today programme, Carney said:
There was an undercutting of some of the institutions the underpin the overall approach – so not having an OBR forecast is much-commented upon and the government, I think, has accepted the need for that but that was important …
Unfortunately having a partial budget, in these circumstances – tough global economy, tough financial market position, working at cross-purposes with the Bank – has led to quite dramatic moves in financial markets.
