Thursday, 26 December 2024
Recent

U.K. Reverses Nearly All Tax Plans to Reassure Markets

[ad_1] LONDON—New U.K. Chancellor Jeremy Hunt said Monday he is reversing nearly all the government’s proposed tax cuts and will pare back an energy price cap as he moves to undo Prime Minister Liz Truss’s debt-fuelled growth plan in an effort to reassure markets about the stability of the nation’s finances. Mr. Hunt, speaking ahead […]

Recent

U.K. Treasury Chief Jeremy Hunt Looks to Reassure Markets With New Tax Plan

[ad_1] LONDON—New U.K. Chancellor Jeremy Hunt is due to reverse several proposed tax cuts Monday as he moves to scrap Prime Minister Liz Truss’s debt-fuelled growth plan and reassure markets about the stability of the nation’s finances. Investors welcomed the announcement, with the price of 10-year U.K. government bonds rising early Monday, pushing yields down […]