The Treasury must act quickly to calm panicky traders and reassure the markets
My wife was ungrateful when I gave her a wheelbarrow for our seventh wedding anniversary. ButThe next few days will reveal whether Friday’s not-mini-Budget was, or whether Liz Truss and Kwasi Kwarteng will get away with it for the time being and survive to fight future political battles – and, as they have pledge, transform Britain’s economy.
Mr Kwarteng’s focus on growth is overdue and his defence of businesses’ role in national prosperity is welcome. Yet. he has blundered by refusing to explain in detail how the Government plans to afford new energy subsidies, or the biggest tax cuts for half a century, without piling on national debt and hoping for unspecified growth.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Martin Lewis' good news to people on low incomes over tax changeChancellor Kwasi Kwarteng unveiled a 'new growth plan' on Friday
Weiterlesen »
Pound sterling: Currency touches all-time low against dollar - BBC NewsIt comes as Chancellor Kwasi Kwarteng has promised more tax cuts to come after last week's mini-budget.
Weiterlesen »
Chancellor Kwasi Kwarteng hints more tax cuts to come as mini-budget 'just the start'Chancellor Kwasi Kwarteng hints more tax cuts to come as mini-budget 'just the start' 🗣️ 'I want to see people retain more of their income because I believe that it’s the British people that are going to drive this economy,” he said.
Weiterlesen »
Liz Truss and Kwasi Kwarteng forced to defend controversial tax cutsUsing more than £70bn of increased borrowing, Kwasi Kwarteng announced the biggest programme of tax cuts in 50 years, including abolishing the top rate of income tax for the highest earners.
Weiterlesen »
In the US, the question is whether sterling's crash takes it below the dollar - or just closeUK holidaymakers headed to Florida or Las Vegas may be in for a shock, and American economists are struggling to understand Kwasi Kwarteng's decisions
Weiterlesen »