I don't apologise for mini-budget plans, says PM
Prime Minster Liz Truss has said "I don't apologise for saying I want a successful City of London", in defence of her mini-budget.
Last week's £45bn tax-cutting package, funded by more public borrowing, has sparked a fall in the pound and a surge in borrowing costs.
The market reaction has prompted the Bank of England to step in and buy £65bn of government debt to stop some pension funds collapsing.
But in an interview with BBC London's Political Editor Tim Donovan, Ms Truss says "what we need is a competitive City of London that's attracting investment".
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Видео I don't apologise for mini-budget plans, says PM канала BBC London
Last week's £45bn tax-cutting package, funded by more public borrowing, has sparked a fall in the pound and a surge in borrowing costs.
The market reaction has prompted the Bank of England to step in and buy £65bn of government debt to stop some pension funds collapsing.
But in an interview with BBC London's Political Editor Tim Donovan, Ms Truss says "what we need is a competitive City of London that's attracting investment".
Subscribe here: https://bit.ly/2Gd18gB
Check out BBC London: http://bbc.co.uk/london
Instagram: https://www.instagram.com/bbclondon
Facebook: https://www.facebook.com/bbclondon
Twitter: https://twitter.com/bbclondonnews
Видео I don't apologise for mini-budget plans, says PM канала BBC London
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