New UK finance minister faces market verdict after gutting Truss's plans

📆 10/16/2022 8:27 PM
📰 ChannelNewsAsia

⏱ Reading Time:
8 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

LONDON: 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

LONDON: 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 when the bond market delivers its verdict on his weekend overhaul of her economic programme.and named Hunt as her new chancellor of the exchequer on Friday in the hope of recovering some economic policy credibility and staying in Downing Street, little more than month after she moved in.

"No government can control the markets. No chancellor should seek to do that," Hunt told BBC television in an interview broadcast on Sunday.

Write Comment

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:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »