“When you asked me to serve as your Chancellor, I did so in full knowledge that the situation we faced was incredibly difficult, with rising global interest rates and energy prices. However, your vision of optimism, growth and change was right.
“As I have said many times in the past weeks, following the status quo was simply not an option. For too long this country has been dogged by low growth rates and high taxation – that must still change if this country is to succeed. “The economic environment has changed rapidly since we set out the Growth Plan on 23 September. In response, together with the Bank of England and excellent officials at the Treasury we have responded to those events, and I commend my officials for their dedication.
“It is important now as we move forward to emphasise your government’s commitment to fiscal discipline. The Medium-Term Fiscal Plan is crucial to this end, and I look forward to supporting you and my successor to achieve that from the backbenches. “We have been colleagues and friends for many years. In that time, I have seen your dedication and determination. I believe your vision is the right one. It has been an honour to serve as your first Chancellor.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK: Jeremy Hunt replaces Kwasi Kwarteng as finance ministerPrime Minister Liz Truss has said Kwarteng had 'put the national interest first' by agreeing to her demand that he step aside less than six weeks into the job.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
‘We Were Friends And Colleagues For Many Years; I Accept Sacking’ – Ghanaian-Born UK Finance Minister, Kwarteng Tells Prime Minister Truss After Exit | Sahara ReportersThe Ghanaian-Born UK Finance Minister, Kwasi Kwarteng, has said that though he has been friends and colleagues with the UK Prime Minister, Liz Truss, for many years, he has accepted her decision to sack him as her Chancellor. Kwarteng said this in a statement he signed and released on Friday. a few hours after the news of his sacking as Finance Minister his the waves.
Source: SaharaReporters - 🏆 9. / 63 Read more »
UK: Jeremy Hunt replaces Kwasi Kwarteng as finance ministerPrime Minister Liz Truss has said Kwarteng had 'put the national interest first' by agreeing to her demand that he step aside less than six weeks into the job.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
‘We Were Friends And Colleagues For Many Years; I Accept Sacking’ – Ghanaian-Born UK Finance Minister, Kwarteng Tells Prime Minister Truss After Exit | Sahara ReportersThe Ghanaian-Born UK Finance Minister, Kwasi Kwarteng, has said that though he has been friends and colleagues with the UK Prime Minister, Liz Truss, for many years, he has accepted her decision to sack him as her Chancellor. Kwarteng said this in a statement he signed and released on Friday. a few hours after the news of his sacking as Finance Minister his the waves.
Source: SaharaReporters - 🏆 9. / 63 Read more »