UK chancellor of the exchequer Jeremy Hunt. Picture: BLOOMBERG.
Three days since taking over the treasury, Hunt will make a statement on Monday morning on measures to “support fiscal sustainability,” his office said in a statement and on Twitter. He will then speak to the House of Commons in the afternoon. The new chancellor spent the weekend outlining a radically different fiscal approach from Truss’s plan, saying taxes would have to rise and spending would have to be cut. That was part of a bid to prevent further punishing increases in UK government borrowing costs.
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UK's new finance minister admits taxes to rise as PM reelsBritain's new finance minister Saturday warned of looming tax hikes as he admitted to 'mistakes' made in a disastrous budget that still threatens to bring down Prime Minister Liz Truss.
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As UK's Truss fights for job, new finance minister says she made mistakes - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Britain’s new finance minister Jeremy Hunt said on Saturday some taxes would go up and tough spending decisions were needed, saying Prime Minister Liz Truss had made mistakes as she battles to keep her job just over a month into her term.
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