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New UK finance minister vows to show markets he can fix budget

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Asked whether he thought financial markets would have confidence in his plans, Hunt said: 'For people trading the markets, actions speak louder than words.'

"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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