Jacob Rees-assertion Mogg’s that the Bank of England is to blame for the current market upheaval has been derided as “bollocks” by a financial expert.
Following the mini-budget, the Business Secretary attempted to shift the blame away from Liz Truss and Chancellor Kwasi Kwarteng. Gillian Tett, chair of the Financial Times board in the US, slammed him for his attempt.
The Conservative MP asserted that the unrest sprang from the central bank’s failure to boost interest rates to match those in the United States.
Tett was asked to provide “her judgement” on Rees-assertion Mogg’s that the fiscal statement from two weeks ago had nothing to do with the market decline by Channel 4 host Krishnan Guru-Murthy.
You can watch it in full below:
Gillian Tett(FT) – Jacob Rees-Mogg is talking bollocks. #C4News pic.twitter.com/5s9JoX09CY
— Haggis_UK 🇬🇧 🇪🇺 (@Haggis_UK) October 12, 2022
