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Daily Record
Daily Record
Politics
Chris McCall

Nicola Sturgeon warns UK is in 'financial crisis' and result could be worse than 2008 banking crash

Nicola Sturgeon has warned the unfolding financial crisis gripping the UK could end up being worse than the banking crash of 2008.

The First Minister told MSPs today that it would be ordinary people who would pay the price of the disastrous mini-budget announced by Kwasi Kwarteng last week.

The SNP leader said there was an "inevitability" that interest rates would sharply rise in the coming weeks - which would have a "profound effect" on Scots families with mortgages and credit card debt.

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