Kwarteng, who was appointed on Tuesday by new Prime Minister Liz Truss, held talks with senior banking figures from the City of London on Wednesday to set out the government's new economic approach.

Those included Goldman Sachs' head of its international unit Richard Gnodde and HSBC Group Chief Executive Noel Quinn.

(Reporting by Sinead Cruise in London; Writing by Kylie MacLellan; Editing by Matthew Lewis)