Chancellor Kwasi Kwarteng To Set Out Debt Plan Early
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Description
Chancellor Kwasi Kwarteng will set out his plan to get UK debt falling earlier than planned after markets reacted badly to his package of tax cuts. Mr. Kwarteng said he...
show moreMr. Kwarteng said he wanted to move forward with no distractions.
Prime Minister Liz Truss says that abolishing the top rate of tax was only a tiny part of the plan for economic growth.
Mr Kwarteng acknowledged the turbulence caused by his mini-budget, which saw the pound's value plummet, borrowing costs soar, and the Bank of England bail out pension funds.
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Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
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