Jeremy Hunt to make emergency statement to stabilise the market

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Belgique Dernières Nouvelles,Belgique Actualités

The new Chancellor is expected to set out plans for spending cuts and tax increases.

The measures come as Ms Truss continues to fight to hold on to her leadership, with three Conservative MPs already breaking ranks to call on her to go.

It came at the end of another extraordinary weekend in British politics, that even saw US President Joe Biden intervene to call Ms Truss’s economic vision a “mistake”.Mr Hunt, who carried out something of a media blitz on behalf of the Prime Minister over the weekend, insisted that she was still in charge even as he diagnosed the need for a tough package of tax rises and spending cuts in order to steady the UK economy.

“We as a party have two years to get ourselves out of this hole, and it’s a deep hole when it comes to public confidence,” he said. “She’s listened. She’s changed. She’s been willing to do that most difficult thing in politics, which is to change tack,” he said.The presence of Mr Hunt was welcomed by many MPs, but many senior figures admitted it was an open question whether the Prime Minister could still survive the current crisis.

Many senior Tory figures admitted it was an open question whether the Prime Minister could still survive the current crisis

 

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Belgique Dernières Nouvelles, Belgique Actualités