LONDON: New finance minister Jeremy Hunt promised to win back Britain's economic credibility by fully accounting for the government's tax and spending plans, while insisting his boss Liz Truss remained in charge of the country.
"What I'm going to do ... is to show the markets, the world, indeed people watching at home, that we can properly account for every penny of our tax and spending plans," Hunt told BBC television in an interview broadcast on Sunday. The chaos has fuelled discontent in the governing party, already splintered before Friday and falling far behind the opposition Labour Party in opinion polls.
Blunt did not say how such a change could happen, but that if enough of the party wanted it they would find a way."I think that the idea of cutting taxes on the super wealthy at a time when - anyway, I just think - I disagreed with the policy, but that's up to Great Britain to make that judgment, not me," he said.
"Basically we've moved from looking not too dissimilar from the US or Germany as a proposition to lend, to looking more like Italy and Greece," former Bank of England Deputy Governor Charlie Bean told Sky.While Hunt seeks to fend off financial market pressure, Truss has to deal with mutiny from within her party.
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