Liz Truss and Kwasi Kwarteng have been accused of recklessly gambling with the UK’s finances, as the pound slumped to an all-time low on the back of a borrowing-fuelled tax cut spree.
Labour’s shadow chancellor Rachel Reeves accused the PM and the chancellor “behaving like two gamblers in a casino chasing a losing run”, after Mr Kwarteng hinted at tax cuts beyond the £45bn package in his mini-Budget.
