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The National (Scotland)
The National (Scotland)
National
Abbi Garton-Crosbie

Tory party likened to 'doomsday cult' amid economic chaos and pound collapse

A TOP economist has said that investors have compared the Tory party to a "doomsday cult" amid the chaos which followed the Chancellor's "mini-budget". 

Paul Donovan, chief economist of UBS Global Wealth Management, delivered a blistering assessment of the Tory UK Government's fiscal plans as the pound plummeted to a record low on Monday morning.

The SNP warned that this will only "exacerbate" the economic crisis facing the UK and will be felt "deeply" by households as costs are set to continue to rise. 

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