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

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

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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.

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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
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