Birmingham | Britain’s chancellor Kwasi Kwarteng has bowed to pressure and sped up his timetable for revealing his plans to cut government debt, as he tries to put what he called the “distraction” of the market’s “little turbulence” behind him.
After a big-spending mini-budget sent UK bond markets and the currency into a tailspin last week, Mr Kwarteng has backpedalled on a key tax policy and then on Tuesday (AEST) brought forward his previous deadline for setting out how he will pay for the government’s fiscal largesse.
Loading...
Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
