London: Britain’s new finance minister Jeremy Hunt He said he would show investors that he would repair the country’s public finances following the prime minister’s original economic plans. liz truss Triggered the bond market route.
“No government can control the markets. No chancellor should try to do that,” Hunt told BBC television in an interview broadcast on Sunday.
“There’s one thing we can do and that’s what I’m going to do, which is to show people looking at the markets, the world, really at home, that we’re getting every penny out of our tax and spending plans. can account for it.”
Since September 23, Hunt’s predecessor as finance minister has sold heavily on British government bonds. quasi quartengoAnnounced a string of unfunded tax deductions.
Truss – The One Who Leads Won conservative Party After promising to cut taxes barely a month ago – on Friday Quarteng fired and put together key parts of the program.
But Hunt has said he will go further, including increasing taxes as well as tighter controls on public spending.
Asked if he thinks financial markets will have confidence in his plans, Hunt told the BBC: “Well, I think, you know, for people who trade the markets, action is more than words. Speaks out loud.”
The first test will take place on Monday morning when trading in Britain’s battered government bonds resumes without support from the Bank of England’s emergency bond-buying programme, which ended on Friday.
“No government can control the markets. No chancellor should try to do that,” Hunt told BBC television in an interview broadcast on Sunday.
“There’s one thing we can do and that’s what I’m going to do, which is to show people looking at the markets, the world, really at home, that we’re getting every penny out of our tax and spending plans. can account for it.”
Since September 23, Hunt’s predecessor as finance minister has sold heavily on British government bonds. quasi quartengoAnnounced a string of unfunded tax deductions.
Truss – The One Who Leads Won conservative Party After promising to cut taxes barely a month ago – on Friday Quarteng fired and put together key parts of the program.
But Hunt has said he will go further, including increasing taxes as well as tighter controls on public spending.
Asked if he thinks financial markets will have confidence in his plans, Hunt told the BBC: “Well, I think, you know, for people who trade the markets, action is more than words. Speaks out loud.”
The first test will take place on Monday morning when trading in Britain’s battered government bonds resumes without support from the Bank of England’s emergency bond-buying programme, which ended on Friday.