FOCUS – Britain’s new finance minister, Jeremy Hunt, said “mistakes were made” by Prime Minister Liz Truss.
Appointed on Friday after the dismissal of Kwasi Kwarteng whose “mini-budget” was very badly received three weeks ago and caused a financial crisis, the new British finance minister is backtracking. Jeremy Hunt said on Saturday that “mistakes had been madeby Premier Liz Truss and her predecessor. He warned that he would takevery difficult decisionsin the face of the crisis the country is going through. Jeremy Hunt is set to drop many of the Prime Minister’s campaign promises.
In particular, he announced thatspending will not increase as much as people would like“, that “some taxes will not be reduced as quickly as people would like» and even that others «will increase“. Liz Truss had to give up keeping the corporate tax rate at 19%, resigning herself to increasing it to 25%, as planned by the previous government. Two weeks ago, she had already had to give up a tax cut for…
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