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The National (Scotland)
The National (Scotland)
National
Steph Brawn

First Minister brands UK's economic growth plans a 'catastrophic disaster'

Nicola Sturgeon Economic Growth Scottish Government United Kingdom Economy UK Government

FIRST Minister Nicola Sturgeon has described No 10's plans to boost economic growth as a “catastrophic disaster”, saying the Scottish Government following suit would be the “wrong thing to do”.

Chancellor Kwasi Kwarteng announced a swathe of measures intended to tackle inflation and drive growth on Friday, including scrapping the top rate of income tax, cutting the basic rate to 19p in the pound and scrapping the cap on banker’s bonuses.

But the markets have reacted negatively to the announcements, with sterling falling to its lowest level against the US dollar in history.

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