Kwarteng tells City bosses his economic plan ‘will work’
by Kalyeena Makortoff and Julia Kollewe from Economics | The Guardian on (#643F2)
Chancellor seeks to calm investors as government bonds continue to collapse
Kwasi Kwarteng has insisted in a meeting with Britain's top City bosses on Tuesday that the government's economic strategy will work", despite a market meltdown that sent sterling to record lows a day earlier.
The chancellor issued the assurances during a planned meeting with asset managers, pension funds and insurers from big firms, including Aviva, Legal and General, Royal London, BlackRock, Fidelity and JP Morgan.
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