
People walk past a sign that shows the exchange rate at a bureau de change in London
(Picture: AP)A Treasury minister has insisted the Government is sticking to its controversial growth plan despite turmoil in financial markets and a growing Tory backlash.
Andrew Griffith spoke out as pressure grew on Kwasi Kwarteng after market fears over his economic policies - including a shock move to scrap the 45p income tax rate for the highest earners -announced in Friday’s mini-Budget - sent sterling crashing to an all-time low against the dollar.