Britain’s Kwarteng promises to rein in spending -The Telegraph

Britain will make a new “pledge” to rein in public spending after a week of financial turmoil, UK Finance Minister Kwasi Kwarteng said in an essay published in The Telegraph on Friday.

Kwarteng promised to publish a “credible” plan in November to reduce the debt. He also backtracked on his mini-budget, writing that while some measures aren’t universally popular, “we had no other choice.” (Reporting by Akriti Sharma Bengaluru; Editing by Leslie Adler)

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