"No government can control the markets. No Chancellor should seek to do that," Hunt told BBC television in an interview broadcast on Sunday.
Investors have sold British government bonds heavily since Sept. 23 when Hunt's predecessor as finance minister, Kwasi Kwarteng, announced a string of unfunded tax cuts. But Hunt has said he will go further including increases in taxes as well as a tighter control on public spending.
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Jeremy Hunt replaces Kwarteng as Britain's finance ministerLONDON (Reuters) -Former foreign minister Jeremy Hunt has been appointed Britain's finance minister, Prime Minister Liz Truss's office said on Friday, following Kwasi Kwarteng's resignation from the post after less than six weeks in the job.
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As UK's Truss fights for job, new finance minister warns of tough decisions aheadLONDON (Reuters) -Britain's new finance minister Jeremy Hunt said on Saturday some taxes would go up and tough spending decisions were needed, signalling further reversals from Prime Minister Liz Truss as she battles to keep her job just over a month into her term.
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