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Post by sevenofnine on Oct 17, 2022 11:15:56 GMT -5
I think Larry the cat going have new roomate LOL! Britain's new finance minister has outlined fresh tax and spending measures — two weeks earlier than a scheduled full statement — in a bid to quell turbulent markets. The statement by Jeremy Hunt, who was appointed Chancellor of the Exchequer on Friday, represents a complete reversal of Liz Truss' controversial "mini-budget" that caused economic and political turmoil. It comes amid reports of a growing revolt among ruling Conservative MPs against the prime minister, following the fiasco surrounding her economic plans. Her position is increasingly in doubt as the central planks of her programme are ditched and her authority over her government and backbenchers is shot to pieces. In his statement, Hunt said was giving details of the new plans early in order to calm markets. Almost all the previous tax measures are to be reversed in a move aime www.euronews.com/2022/10/17/truss-in-peril-uk-finance-minister-acts-to-calm-markets-as-clamour-grows-for-pm-to-quit
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