News Formal

UK brings budget forward in another attempt to reassure markets | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

UK Finance Minister Kwasi Kwarteng will publish details of his plans to tackle ballooning government debt and kickstart economic growth on October 31, more than three weeks earlier than scheduled

, in an attempt to reassure investors and restore the government’s badly damaged credibility. Kwarteng announced the new date in a letter to the Treasury on Monday. He also confirmed that the Office for Budget Responsibility , the independent fiscal watchdog, will publish its assessment of the government’s midterm budget on the same day.

Investors have been awaiting clarity on a revised date for the budget, which was initially set for November 23. It was widely expected to be brought forward after Kwarteng’s “mini” budget on September 23 crashed the pound and sent shockwaves through financial markets with its promise of £45 billion of unfunded tax cuts. — This is a developing story and will be updated.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 326. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

But... he *created* ballooning government debt.

Reassure markets, possibly, but voters?

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

How meltdown in a $1 trillion market brought the UK to the brink of a financial crisis | CNN BusinessPension funds are designed to be dull. Their singular goal — earning enough money to make payouts to retirees — favors cool heads over brash risk takers.
Источник: cnni - 🏆 326. / 59 Прочитайте больше »