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Daily Mirror
Daily Mirror
Politics
Lizzy Buchan & Ashley Cowburn

Labour says Kwasi Kwarteng 'fanned flames' for pound's fall with fresh tax cut hints

Rachel Reeves has accused the Chancellor of having "fanned the flames" of the falling value of the pound by dropping hints at further "unfunded" tax cuts.

The Shadow Chancellor said the Tories had fuelled concern in spooked markets in the wake of Friday's explosive mini-Budget after Kwasi Kwarteng signalled more taxes could be slashed on Sunday.

The pound plunged to an all-time low against the US dollar this morning amid hammered market confidence over the Government's economic plans.

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