New UK finance minister vows to show markets he can fix budget

Posted on October 16, 2022Comments Off on New UK finance minister vows to show markets he can fix budget

© Reuters. FILE PHOTO: New Chancellor of the Exchequer Jeremy Hunt leaves 10 Downing Street in London, Britain, October 14, 2022. REUTERS/Henry Nicholls/File Photo

LONDON (Reuters) – New British finance minister Jeremy Hunt said on Sunday he would show investors that he will repair the country’s public finances after the original economic plans of Prime Minister Liz Truss triggered a bond market rout.

“No government can control the markets. No Chancellor should seek to do that,” Hunt told BBC television. “There is one thing we can do and that’s what I’m going to do, which is to show the markets, the world, indeed people watching at home, that we can properly account for every penny of our tax and spending plans.”

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Comments Off on New UK finance minister vows to show markets he can fix budget