UK’s Hunt brings forward fiscal announcement to Monday

Posted on October 17, 2022Comments Off on UK’s Hunt brings forward fiscal announcement to Monday

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

LONDON (Reuters) – New British finance minister Jeremy Hunt will announce tax and spending measures on Monday, two weeks earlier than previously scheduled, the finance ministry said as Hunt tries to turn around a loss of confidence in the government’s fiscal plans.

“The Chancellor will make a statement later today, bringing forward measures from the Medium-Term Fiscal Plan that will support fiscal sustainability,” the Treasury said.

“He will also make a statement in the House of Commons this afternoon.”

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