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‘A matter for the Bank of England’: Liz Truss refuses to discuss if UK in recession

Chancellor Kwasi Kwarteng also claims he can’t comment on ‘market movements’ following pound’s plunge

Rob Merrick
Deputy Political Editor
Sunday 25 September 2022 18:07 BST
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UK 'in recession' amid Bank of England interest rates hike

Liz Truss has refused to discuss fears that the UK is already in recession, insisting the downturn in the economy is “a matter for the Bank of England”.

The Bank issued the warning last week – as it hiked interest rates to 2.25 per cent, their highest level for 14 years – but the prime minister argued it was not her responsibility.

The comment came as the chancellor, Kwasi Kwarteng, claimed he could not comment on “market movements” following the plunge in the pound after Friday’s tax-slashing Budget.

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