Opinion

Restoring Britain’s credibility will be hard for Hunt

Another round of austerity is both impossible and undesirable. If the government is unwilling to reinstate all the tax cuts it has made, it needs to find other taxes to take their place.

Martin WolfColumnist

Updated Oct 17, 2022 – 1.59pm, first published at 1.45pm

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One down and one to go.

Talking to policymakers attending the annual meetings of the IMF and World Bank made clear the blend of amusement, anxiety and anger with which many view the UK. Kwasi Kwarteng’s mini-budget was the wrong policy (unfunded tax cuts) at the wrong time (a global crisis).

Financial Times

Martin Wolf is chief economics commentator at the Financial Times, London. He was awarded the Commander of the British Empire in 2000 “for services to financial journalism”.