, said Mr Carney was 'trying to exculpate' the Bank of England even though it had been too slow to raise interest rates and had 'let the pension fund liability problem blow up, which they hadn't disclosed to anyone'. He said: 'They've been trying to blame Liz Truss and Kwasi Kwarteng when actually they themselves contributed to the problem.' Mr McWilliams said Mr Carney's comments were 'absolutely extraordinary' for a public servant. However, Bloomberg's survey suggests City money managers side with Mr Carney. Most are still wary of the Conservative Party's economic record in the wake of the Truss administration, despite former banker Mr Sunak's attempts to repair the party's reputation . Borrowing costs surged during Ms Truss's 49-day tenure as Prime Minister after she pledged to cut taxes without cutting spending and failed to publish Office for Budget Responsibility forecasts alongside her mini-Budget. The survey also suggests that Sir Keir's efforts to woo business and finance through what has been dubbed the 'Prawn Cocktail Offensive 2.0' are also yielding results. Labour have promised not to introduce a weal){kind=link}
Survey results show Keir Starmer’s efforts to woo business and finance are yielding results
Investors have thrown their weight behind Labour in a blow to Rishi Sunak’s attempts to repair the Conservative Party’s reputation for sound money.
Two thirds of money managers and traders surveyed by Bloomberg said that either a Labour-led government or a Labour-led coalition would be the “most market-friendly outcome” at the next general election.
The majority cited the fallout from the mini-Budget bond market meltdown under Liz Truss as the reason for backing Sir Keir Starmer’s party, with 80pc of the 227 people surveyed saying confidence in British assets had not yet fully recovered.
It came as former Bank of England governor Mark Carney accused Ms Truss of turning Britain into “Argentina on the Channel”.