The Prime Minister and the Chancellor were today described as 'desperate gamblers' as the pound plummeted to a record low against the dollar.
Shadow Chancellor Rachel Reeves told the Labour Party Conference in Liverpool that Liz Truss and Kwasi Kwarteng were behaving in a 'desperate and out of control' manner following the shock budget on Friday.
Mr Kwarteng's mini-budget included a £45 billion package of tax cuts, including the abolition of the 45p top rate of tax. He also lifted the cap on how much bankers can earn in bonuses.
