The Welsh Secretary has urged people to remain “calm” amid the turmoil sparked by the UK Government’s mini-budget announcement. Chancellor Kwasi Kwarteng’s economic policies have attracted fierce criticism, most notably from the International Monetary Fund, and the Bank of England have had to intervene to steady a part of the financial markets.
However, Robert Buckland stood by Mr Kwarteng’s plans during an interview with ITV Wales on Wednesday. He told the Wales At Six programme that aspects of the budget were “vital for the lives of every business and indeed every family”.
Questioned over the pound’s fall in value, food cost inflation and soaring interest rates which have affected the housing market, Mr Buckland said: “I do think it’s very important that we remain very steady and calm through this period. The issue for me is how we grow our economy in order to pay for increased public services.
