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...

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