Minister insists funds brings ‘stability’ – regardless of hostile market response

Chief Secretary to the Treasury Darren Jones has advised Sky News the funds brings "stability" regardless of a hostile response from the markets.

It comes because the pound fell sharply after the chancellor introduced the most important tax rises in a era.

Over the final three days, sterling has dropped by 1.2% (in commerce weighted phrases) – the most important fall in 18 months.

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