Jeremy Hunt warns"all government departments" face spending restraint in first comments to media following his recent appointment as chancellor of the exchequer by Prime Minister Liz Truss.
UK's new finance minister has warned of tax hikes to come as he admitted to "mistakes" made by his short-lived predecessor in a disastrous budget. "We will have some very difficult decisions ahead," Hunt told Sky News, warning that "all government departments" face spending restraint.READ MORE: Tax cuts were the centrepiece of the budget announced by Hunt's predecessor Kwasi Kwarteng on September 23. But they were financed through billions in more borrowing, causing panic on financial markets which has fed into higher costs for British households.
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Jeremy Hunt replaces Kwarteng as Britain's finance ministerFormer 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. isn't his name cockney for 'cunt'? He should choose his successor too. Looks like a 60 days guy. Six weeks is too less a time to judge performance. Brexit seems to be playing truant.
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UK PM Truss sacks finance minister Kwarteng, Hunt replaces himJeremy Hunt is a government veteran who has served as former foreign secretary and health secretary, and ran unsuccessfully to lead the Conservative Party in 2019. Ms. tax cut🤣😂
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