New UK finance minister vows to show markets he can fix budget

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Britain's new finance minister Jeremy Hunt 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.

"No government can control the markets. No Chancellor should seek to do that," Hunt told BBC television in an interview broadcast on Sunday.

Truss - who won the leadership of the Conservative Party barely a month ago after promising to slash taxes - fired Kwarteng on Friday and has ditched key parts of the programme they agreed together.

 

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He’ll give to the rich and take from the poor. That’s what CONservatives do world-wide. Great Britain is no exception.

This must be the sunny uplands.

In the UK, we investigate someone for admitting to breaching money laundering legislation and then we make him Chancellor. Due Diligence, it ain't.

The new chancellor was a minister for culture and then the NHS Let him now tell the people how he is going to fund a 2yr energy subsidy without borrowing Also to sustain an increasing military spend in war without borrowing

Hunt has no Treasury or Economic experience so safe to assume he will follow whatever Markets want + BoE looking for excuses for their incompetence

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