A financial expert has branded Jacob Rees-Mogg's suggestion that the Bank of England is to blame for the recent chaos in the markets as "bollocks".
Gillian Tett, chair of the Financial Times board in the US, savaged the Business Secretary after he attempted to divert blame away from Liz Truss and Chancellor Kwasi Kwarteng following the mini-budget.
The Tory toff claimed the turmoil came about because the central bank failed to raise interest rates in line with the United States.
