New British finance minister warns some taxes will rise in sign of new U-turn

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‘Very difficult decisions ahead’: Jeremy Hunt said the country and markets want stability

“We will have some very difficult decisions ahead,” he told Sky News.

He said spending would not rise by as much as people would like and all government departments were going to have to find more efficiencies than they were planning. Mr Hunt said he agreed with Ms Truss’s fundamental approach of seeking to spark economic growth but the way she and Mr Kwarteng went about it had not worked.

 

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The markets don't call the shots on UK gov spending as the state is the original source of its own £ currency. Neither are taxes required to fund UK gov spending for the same reason. Hunt is yet another intellectual fraudster peddling deceptions to justify the class war.

This lad exactly same if anything worse than Truss just different day same shite

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Sterling sinks after finance minister's sackingSterling fell against a strengthening dollar today after the British government cancelled only part of its fiscal programme, disappointing investors who had expected a bigger U-turn.
Fonte: RTEbusiness - 🏆 16. / 61 Leggi di più »