Former Bank of England and IMF economist, Paul Mortimer-Lee, says the Chancellor Kwasi Kwarteng and the Bank must address the UK's "huge credibility gap" in financial markets. He tells Bloomberg's Caroline Hepker and Stephen Carroll that the mini-budget announced last Friday will boost growth in the short-term, but won't be a supply-side "miracle". Mortimer-Lee, who's now a research fellow at the National Institute of Economic and Social Research, said the package "is not a magic formula to return to growth."
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