Get all your news in one place.
100's of premium titles.
One app.
Start reading
The National (Scotland)
The National (Scotland)
National
Abbi Garton-Crosbie

UK faces 'economic situation not seen in living memory' says First Minister

THE UK has not been in a more serious economic crisis in living memory, including the global financial crash of 2008, the First Minister has said. 

As the IMF warned UK Chancellor Kwasi Kwarteng to reverse his sweeping tax cuts that disproportionately benefit the rich, and the Bank of England staged an extraordinary intervention to avert a full-blown crisis, the FM was being quizzed by MSPs in the Scottish Parliament.

During an appearance at the Conveners Group, where MSPs who head the numerous Holyrood committees meet to question the FM each term, Nicola Sturgeon was asked for her assessment of the impact of the UK Government's mini-budget. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.