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Jacob Rees-Mogg blames interest rates for economic turmoil

Business Secretary Jacob Rees-Mogg has blamed the difference in interest rates between the UK and the US for the fall in the pound and market turmoil which followed the government's mini-budget.

Mr Rees-Mogg told Today's Mishal Husain he disagreed with the wording of a question when she asked him about investor confidence being knocked by mini-budget, and insisted that the chancellor's fiscal announcement on 23 September "as a percentage of GDP is not that enormous".

12 October 2022

Jacob Rees-Mogg

Pound Sterling (GBP)

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