Kwarteng meets with bankers to calm market turmoil

Chancellor also met asset managers

Elliot Gulliver-Needham
clock • 1 min read

Chancellor Kwasi Kwarteng is set to meet bankers today as he attempts to calm market sentiment following his Mini Budget.

Kwarteng also met yesterday with asset managers, pension funds and insurers from firms such as Aviva, Legal and General, Royal London, BlackRock, Fidelity and JP Morgan. "We are confident in our long-term strategy to drive economic growth through tax cuts and supply-side reform," Kwarteng told the financiers, according to minutes. "I am confident that with our growth plan and the upcoming medium-term fiscal plan - with close cooperation with the Bank [of England] - our approach will work," he added. IMF urges UK government to re-evaluate Mini Budget In the meeting today, Kwarten...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

UK inflation falls to 2.6% in March amid warnings of further price rises
UK

UK inflation falls to 2.6% in March amid warnings of further price rises

CPIH at 3.4% in March

Sorin Dojan
clock 16 April 2025 • 2 min read
UK retail sales defy expectations but outlook is taxing
UK

UK retail sales defy expectations but outlook is taxing

YoY retail sales growth below three-month average

Beth Brearley
clock 15 April 2025 • 2 min read
Treasury launches support package for businesses hit by tariffs
UK

Treasury launches support package for businesses hit by tariffs

£20bn in UKEF support

Sorin Dojan
clock 14 April 2025 • 2 min read
Trustpilot