UK’s Kwarteng: not focussed on new austerity measures

UK’s Kwarteng: not focussed on new austerity measures By Reuters

Breaking News


Economy 12 minutes ago (Oct 03, 2022 08:21)

© Reuters. British Chancellor of the Exchequer Kwasi Kwarteng looks on during Britain’s Conservative Party’s annual conference in Birmingham, Britain, October 3, 2022. REUTERS/Hannah McKay

LONDON (Reuters) – Britain’s finance minister Kwasi Kwarteng on Monday downplayed the prospect of new austerity measures to cut public spending, after reversing his plan to abolish the top rate of income tax.

Asked about possibility of further austerity measures, Kwarteng said: “I don’t think so at all.”

“I think what we’re trying to focus on is growing the pie, growing the economy,” he told LBC radio.

UK’s Kwarteng: not focussed on new austerity measures

UK’s Truss forced into humiliating tax U-turnBy Reuters – Oct 03, 2022

By Elizabeth Piper and Kylie MacLellan BIRMINGHAM, England (Reuters) – British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans to cut the…

UK’s opposition Labour: government has destroyed its economic credibilityBy Reuters – Oct 03, 2022

LONDON (Reuters) – Britain’s opposition Labour Party said on Monday the government had destroyed its economic credibility and damaged trust in the British economy, after a U-turn…

Instant View: British pound up on report govt may reverse tax cut planBy Reuters – Oct 03, 2022

LONDON (Reuters) – Britain’s pound rallied and UK stock futures rose on Monday, after a BBC report that a proposed controversial tax cut in the government’s mini-budget might be…

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

What's your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published.

More in:News