December 1, 2022

Jeremy Hunt unveils £55bn fiscal squeeze as UK financial

Jeremy Hunt unveils 55bn fiscal squeeze as UK economic

Jeremy Hunt unveils 55bn fiscal squeeze as UK economic

Jeremy Hunt, chancellor, confronted the fiscal “storm” battering Britain on Thursday, asserting £55bn of tax rises and spending cuts meant to revive the nation’s status and shore up its frail steadiness sheet.

Two months after Kwasi Kwarteng, his predecessor, sparked market panic with a “mini” Finances that included £45bn of unfunded tax cuts, Hunt’s Autumn Assertion turned Tory financial coverage on its head.

Whereas Kwarteng introduced the biggest tax-cutting Finances for…

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