Pound fell again though after BlunderTruss and KamiKwasi made their statement.
//Pound falls again after Truss and Kwarteng issue statement
The pound has slipped again, reversing earlier gains, after Prime Minister Liz Truss and Chancellor Kwasi Kwarteng met with the fiscal watchdog and confirmed markets would have to wait until 23 November for updated economic forecasts (see 11.41 post), writes Sky News business reporter Nicholas Lester.
The government has rejected demands to bring forward publication of assessments of its growth plans and the impact of planned tax cuts, which sparked turmoil in the financial markets this week.
In a volatile session, sterling was down 0.4% to $1.1072 shortly before 2pm, after touching a one-week high of $1.1235 earlier, taking it close to wiping out all the steep losses in the aftermath of last Friday's mini-budget.
The Tory leadership has faced criticism for not commissioning forecasts by the Office for Budget Responsibility (OBR) alongside the fiscal plan, which rattled markets by announcing big tax cuts funded by borrowing.//
These two are obviously bad for business and bad for the economy.