Keir Starmer has demanded a recall of parliament to tackle the financial crisis sparked by Kwasi Kwarteng’s unfunded tax cuts during the mini budget.
The Labour leader called for the Commons break for the party conference season as the SNP asked ‘where is Liz Truss?’ and demanded a response to the Bank of England’s emergency intervention in the financial markets.
The major intervention in Britain’s financial markets is designed to head off a “material risk to UK financial stability”, which translated means that the UK economy is in crisis, with pension funds now facing shortages after the value of the pound continued to slide.
