that had sparked market turmoil, and reined in a vast energy subsidy plan, saying the country needed to rebuild investor confidence.to fix the public finances after Truss’s economic plan hammered the value of British assets, said the country needed to generate confidence and stability before it could seek to grow the economy.
“There will be more difficult decisions to take on both tax and spending as we deliver our commitment to get debt falling as a share of the economy over the medium term,” Hunt said. “The British people rightly want stability, which is why we are addressing the serious challenges we face in worsening economic conditions,” Truss said on Twitter.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Britain’s new finance minister Hunt reverses tax plan, reins in energy supportThe changes to the planned tax cuts would raise £32 billion every year, Hunt said. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Britain’s new finance minister Hunt reverses tax plan, reins in energy supportThe changes to the planned tax cuts would raise £32 billion every year, Hunt said. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
New UK finance minister faces market verdict after gutting Truss's plansLONDON: Britain's new finance minister Jeremy Hunt faces an early test of his attempt to stem the crisis of confidence in Prime Minister Liz Truss on Monday (Oct 17) when the bond market delivers its verdict on his weekend overhaul of her economic programme. Truss
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
UK finance minister Jeremy Hunt vows to win back financial market trustLONDON: New finance minister Jeremy Hunt promised to win back Britain's economic credibility by fully accounting for the government's tax and spending plans, while insisting his boss Liz Truss remained in charge of the country. Prime Minister Truss appointed Hunt on Friday (Oct 14) in an attempt to rescue
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »