said he would show investors that he will repair the country's public finances after the original economic plans of Prime Minister Liz Truss triggered a bond market rout.
"There is one thing we can do and that's what I'm going to do, which 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." Ms Truss - who won the leadership of the Conservative Party barely a month ago after promising to slash taxes -and has ditched key parts of the programme they had agreed on together.
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:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BoE chief has 'meeting of minds' with new UK finance ministerFormer chancellor Kwasi Kwarteng was sacked after a controversial budget plan caused market upheaval. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
UK's new finance minister admits 'mistakes', warns of tax hikesLONDON: Britain's new finance minister warned on Saturday (Oct 15) of tax hikes to come as he admitted to 'mistakes' made by his short-lived predecessor in a UK messy , US also messy , EU also messy ..... NATO also messy , UN also messy .... No need professor to see why ?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
New UK finance minister warns some taxes will rise as tough decisions loomJeremy Hunt said tax increases are on the cards to restore Britain's economic policy credibility. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Kwasi Kwarteng: End of a short road for UK's finance ministerHis sacking represents a humiliation for the Cambridge- and Harvard-educated former Chancellor of the Exchequer. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Zambia in touch with China, other creditors, finance minister saysJOHANNESBURG: Zambia remains in touch with China and all its other creditors as it continues to negotiate a debt restructuring, finance minister Situmbeko Musokotwane said at an International Monetary Fund press conference on Saturday (Oct 15). There is no alternative for Zambia, the first African country
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »