LONDON, Sept 23 (Reuters) – British finance minister Kwasi Kwarteng mentioned it was a “superb day for the UK” on Friday, after he set out tax cuts and big will increase in borrowing in an announcement that floored monetary markets, with sterling and British authorities bonds in freefall.
Requested whether or not the autumn in sterling was good for the economic system, he mentioned: “I do not touch upon market actions.”
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Reporting by Muvija M, Enhancing by Kylie MacLellan
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