Mark Carney said the UK’s financial system has taken a "big knock" after major tax cut and spending announcements by prime minister Liz Truss and chancellor Kwasi Kwarteng.

Speaking on BBC’s Today show on 29 September, as the pound slipped below $1.08 again, Carney said the markets had sent a clear message to the UK government in response to its 23 September announcement to squeeze Treasury coffers and dole out £45bn in tax cuts.