UK's new finance minister admits 'mistakes', warns of tax hikes

📆 15/10/2022 13:49:00
📰 ChannelNewsAsia

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LONDON: 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

Jeremy Hunt was making his first comments to media following his appointment as chancellor of the exchequer by Prime Minister Liz Truss, whose own future is in doubt mere weeks after she took office.

"We will have some very difficult decisions ahead," Hunt told Sky News, warning that"all government departments" face spending restraint.Tax cuts were the centrepiece of the budget announced by Hunt's predecessor Kwasi Kwarteng on Sep 23.

Kwarteng and Truss had initially wanted to cut taxes for the highest earners, and had presented their budget without independent forecasts from the Office for Budget Responsibility, Hunt noted in summarising two key mistakes.

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UK messy , US also messy , EU also messy ..... NATO also messy , UN also messy .... No need professor to see why ?

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