The new finance minister has canceled “nearly all” Lis Truss’ budgetary measures

Setback – Jeremy Hunt insisted in a televised statement that the government’s priority now is to restore “stability”

Humiliating denial of Prime Minister Liz Truss Whose days in Downing Street seem numbered. The New UK Finance Minister Jeremy Hunt It announced Monday that it is canceling “nearly all” of the tax cuts that were revealed last month.

The new Finance Minister, who will speak at Parliament Later on Monday, it advanced in presenting the outlines of Britain’s draft medium-term budget which should be submitted in full on October 31, in an effort to calm markets. The latter has been mired in turmoil since the introduction, at the end of September, of plans for massive tax cuts and massive subsidies for energy bills. Not entirely quantified and funded by borrowing, they have raised fears of getting out of the way of public finances.

“Other tough decisions” await us.

International Monetary Fund (International Monetary Fund) urged Downing Street to rectify the situation and work with central bankWhich is fighting inflation by nearly 10% and found itself contradicting the trend of the economic plan Les Truss, amplified over time. He was appointed urgently on Friday after his predecessor Kwasi Quarting’s “growth plan” slashed markets with (…) Read more in 20 minutes

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