British Finance Minister Hunter told British Sky News that the government's primary task is to strengthen fiscal discipline to appease the market.He said: "All government departments are facing expenditure restrictions ... Some taxes will not be cut quickly as people want. Some taxes will increase."
(London Composite Electric) Hunter, the new Treasury Secretary of Finance, acknowledged that the tax cutting policy announced by the Tellas government before has exceeded market expectations in scale and speed, which is a wrong decision.He said that the government must make a difficult decision.
Jeremy Hunt, who just replaced Kwo's Treasurer Jeremy Hunt just on Friday (October 14), told British Sky News that the government's primary task was to strengthen fiscal discipline to soothe the market.
He said: "All government departments are facing restrictions on expenditure ... Some taxes will not be cut quickly as people want. Some taxes will increase."
Tax reduction is the core of the budget support announced on September 23.However, the budget requires billions of dollars, which has caused panic in the financial market.
Hunter, who was in the middle of the Conservative Party, pointed out that when summing up two key errors, Kwateng and Tras initially wanted to reduce taxes for the highest income, and made them in an independent prediction in the office of the budget.Budget.
Tellas announced at a press conference on Friday that it will be retained in the plan to increase the company's tax next year.Tellas once again gave up her political opinion that she strongly sold during her campaign, allowing her reputation inside and outside the party to be hit again.
Bloomberg reports that Trams retains other tax cuts, and it is expected that it will stimulate the market more fluctuations on Monday.Tellas only used eight minutes to explain her decision to turn rudder, which was shocking.
Bloomberg: Discipline Hunter is a big bet on Tellas
Investor analysis states that Tellas may have to step down to make the bond market calm.Citi Group's strategist believes that Kwateng's duties alone are not enough to regain British and British Treasury bonds.
Citi Group Economist Nabaro and Sel pointed out in the report to customers that "the market may be more unstable in the future because there are no clear policies.
Hunter was a Minister of Health and Foreign Foreign Affairs.Bloomberg analyzed that Tellas appointed Hunter as a new financial minister.Hunter has supported Trask's opponent and former Treasury Secretary Sonak to take over the Prime Minister, and he is also optimistic about being the Prime Minister.Regardless of whether Hente's next time can return the British economy back to track, Tellas has actually surrendered a lot of power to Hunter, which will make it more difficult for her to maintain the position of Prime Minister.
When choosing Hunter as her finance minister, Tras may unintentionally help him become a prime minister candidate.A member of Congress requested anonymous said Hunter had replaced Tras and became a possible "united candidate" for the Conservative Party.
For the angry conservatives, it is very difficult to get rid of Tras.Her predecessor Johnson also stayed in office for a period of time after facing the criticism of all parties, mainly because the Conservative Party could not reach a consensus on the successor.According to some rules of the party, Tellas will not face challenges within 12 months after taking office.If there are enough members of Congress to make a request, the rules can be adjusted.
