Kwasi Kwarteng to tell Tories to 'stay the course' of 'disaster' mini-budget

Danmark Nyheder Nyheder

Kwasi Kwarteng to tell Tories to 'stay the course' of 'disaster' mini-budget
Danmark Seneste Nyt,Danmark Overskrifter
  • 📰 MetroUK
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 82%

Under-fire Chancellor Kwasi Kwarteng will attempt to ease anxieties following his ‘disaster’ mini-budget in a key speech tomorrow.

His mini-budget triggered financial turmoil, was criticised by the International Monetary Fund and resulted in a £65 billion emergency intervention by the Bank of England to restore order.

The plan to axe the 45% income tax rate for top earners and scrap the curbs on bankers’ bonuses at a time when many households face a cost-of-living crisis has been condemned by political opponents and Tory critics, with Mr Kwarteng bearing the brunt of the criticism. In his speech in Birmingham, Mr Kwarteng will insist the gamble made by the Tories to cut taxes and axe red tape in the hope of increasing economic growth to an annual trend of 2.5% was the correct approach.

Vi har opsummeret denne nyhed, så du kan læse den hurtigt. Hvis du er interesseret i nyheden, kan du læse hele teksten her. Læs mere:

MetroUK /  🏆 13. in UK

Danmark Seneste Nyt, Danmark Overskrifter

Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.

Tory conference: We must stay the course, insists Chancellor Kwasi KwartengTory conference: We must stay the course, insists Chancellor Kwasi KwartengKwasi Kwarteng will defend his tax cuts during his Conservative Party conference speech.
Læs mere »

Liz Truss backs mini-budget despite cabinet not being consulted on top tax rate cutLiz Truss backs mini-budget despite cabinet not being consulted on top tax rate cutLiz Truss backs mini-budget despite cabinet not being consulted on top tax rate by Chancellor Kwasi Kwarteng
Læs mere »

Kwarteng vows to curb spending but doubles down on mini budget despite days of market turmoilKwarteng vows to curb spending but doubles down on mini budget despite days of market turmoilChancellor Kwasi Kwarteng has promised to bring government spending under control after a week of financial turmoil sparked by his mini budget.
Læs mere »

MPs tackle Chancellor Kwasi Kwarteng on East Lancs investment zonesMPs tackle Chancellor Kwasi Kwarteng on East Lancs investment zonesHyndburn’s Sara Britcliffe and Burnley’s Antony Higginbotham have tackled Chancellor Kwasi Kwarteng on the issue at Westminster after he announced the initiative in his mini-budge
Læs mere »



Render Time: 2025-04-13 04:12:40