'No comment,' says Kwasi Kwarteng after pound plunges to record low – video

The chancellor has refused to comment as sterling plummeted to an all-time low against the dollar, with speculation the Bank of England could intervene as soon as Monday. As he walked to his office in Westminster, Kwasi Kwarteng was repeatedly questioned by reporters about the turmoil in the markets caused by his sweeping tax cuts and the need for tens of billions of pounds in extra borrowing

• Business live updates: sterling plunges
• Kwasi Kwarteng refuses to comment as pound hits all-time low against dollar