Chancellor Kwasi Kwarteng To Set Out Debt Plan Early

Oct 5, 2022 · 51s
Chancellor Kwasi Kwarteng To Set Out Debt Plan Early
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...

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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 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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