Today news
About the same in other media
New UK chancellor ditches almost all ‘mini budget’ tax cuts in a bid to stabilise markets
Reading now: 766
fnlondon.comNew UK Chancellor Jeremy Hunt said Monday he is reversing nearly all the government’s proposed tax cuts and will pare back an energy price cap as he moves to undo Prime Minister Liz Truss’s debt-fuelled growth plan in an effort to reassure markets about the stability of the nation’s finances.
Hunt, speaking ahead of an emergency statement to parliament on the economy, said “the most important objective for our country right now is stability,” as he announced a revised plan he said would raise around £32bn a year, equivalent...
Read more on fnlondon.comAbout this in other media
Liz Truss stands down after 44 days as UK prime minister fnlondon.com /2 years ago
Liz Truss administration on the brink as Conservative Party turmoil deepens fnlondon.com /2 years ago
UK banks brace for ‘windfall tax’ to help plug £40bn hole in public finances theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
