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

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Investors have sold British government bonds heavily since Mr Jeremy Hunt's predecessor announced a string of unfunded tax cuts. Read more at straitstimes.com.

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.

 

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