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British chancellor Jeremy Hunt to make emergency statement to stabilise the market

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The new UK chancellor is expected to set out plans for spending cuts and tax increases.

Newly appointed UK chancellor Jeremy Hunt leaves 10 Downing Street on Friday. Image: Xinhua News Agency/PA Images Newly appointed UK chancellor Jeremy Hunt leaves 10 Downing Street on Friday. Image: Xinhua News Agency/PA Images UK CHANCELLOR JEREMY Hunt will today set out billions of pounds of savings to stabilise the public finances in an emergency statement.

Yet those efforts could come to nought this week if Tory MPs decide that a change of leader is required, with three members of Truss’s parliamentary party already breaking ranks to call on her to go. Hunt, who carried out something of a media blitz on behalf of the prime minister over the weekend, insisted that she was still in charge even as he diagnosed the need for a tough package of tax rises and spending cuts in order to steady the UK economy.

“But we have a couple of things on our side. Despite the factionalism in the run-up to and aftermath of Brexit, our MPs are overwhelmingly predisposed to supporting a competent leader.”Earlier Hunt told the BBC’s Sunday With Laura Kuenssberg programme that Truss remains “in charge” and insisted voters can still put their faith in her.

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New British finance minister warns some taxes will rise in sign of new U-turn‘Very difficult decisions ahead’: Jeremy Hunt said the country and markets want stability This lad exactly same if anything worse than Truss just different day same shite 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.
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