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Sep 26, 2022

Cabinet Minister Smith Says UK Focused on Growth Package

Kitty Donaldson, Bloomberg News

Chloe Smith, UK work and pensions secretary, departs following the first meeting of cabinet ministers under Liz Truss, UK prime minister, at 10 Downing Street in London, UK, on Wednesday, Sept. 7, 2022. Liz Truss promised a major package of support this week to tackle soaring UK energy bills, in her first national address as leader that was dominated by a cost-of-living crisis likely to make or break her premiership.

Chloe Smith, UK work and pensions secretary, departs following the first meeting of cabinet ministers under Liz Truss, UK prime minister, at 10 Downing Street in London, UK, on Wednesday, Sept. 7, 2022. Liz Truss promised a major package of support this week to tackle soaring UK energy bills, in her first national address as leader that was dominated by a cost-of-living crisis likely to make or break her premiership. , Bloomberg

(Bloomberg) -- Cabinet Minister Chloe Smith declined to comment on sterling’s fall against the US dollar, instead insisting the UK government is focused on growing the economy.

“Of course lots of factors go into particular market movements,” Work and Pensions Secretary Smith told Sky News Monday. “I am extremely focused on how to go for growth.”

Pound Crashes to All-Time Low With UK Markets ‘Under Siege’

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