British Finance Minister Jeremy Hunt warns of “some very difficult decisions ahead” after “mistakes” made by his short-lived predecessor in a disastrous budget
Jeremy Hunt warns"all government departments" face spending restraint in first comments to media following his recent appointment as chancellor of the exchequer by Prime Minister Liz Truss.
UK's new finance minister has warned of tax hikes to come as he admitted to "mistakes" made by his short-lived predecessor in a disastrous budget. "We will have some very difficult decisions ahead," Hunt told Sky News, warning that "all government departments" face spending restraint.READ MORE: Tax cuts were the centrepiece of the budget announced by Hunt's predecessor Kwasi Kwarteng on September 23. But they were financed through billions in more borrowing, causing panic on financial markets which has fed into higher costs for British households.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jeremy Hunt could become next UK finance minister - TimesFormer British foreign minister Jeremy Hunt will succeed Kwasi Kwarteng as the new finance minister, a reporter for the Times said on Friday, following media reports that Kwarteng has been sacked.
Read more »
Jeremy Hunt appointed as Britain's new finance minister – TimesFormer British foreign minister Jeremy Hunt has been appointed as the new finance minister by Prime Minister Liz Truss, Times Political Editor Steven
Read more »
Jeremy Hunt replaces Kwarteng as Britain's finance ministerFormer foreign minister Jeremy Hunt has been appointed Britain's finance minister, Prime Minister Liz Truss's office said on Friday, following Kwasi Kwarteng's resignation from the post after less than six weeks in the job.
Read more »
New U.K. Chancellor Jeremy Hunt Seen as Moderate in Bid to Appease MarketsThe new U.K. Chancellor of the Exchequer is Jeremy Hunt, a quietly spoken veteran Conservative lawmaker who now must help restore the British government’s credibility with investors
Read more »
Reactions: UK's Truss fires Kwarteng, set to U-turn on tax cutsBritish Prime Minister Liz Truss Kwasi Kwarteng on Friday, replacing him with former foreign minister Jeremy Hunt, and scrapped part of her big unfunded tax cut plans.
Read more »
UK PM Truss sacks finance minister Kwarteng, Hunt replaces himJeremy Hunt is a government veteran who has served as former foreign secretary and health secretary, and ran unsuccessfully to lead the Conservative Party in 2019.
Read more »