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Chancellor-Immediate Support For Families, Business In Economic Approach

UK

New Chancellor of the Exchequer Kwasi Kwarteng giving his first public comments in office:

  • Kwarteng: "I met with market and City leaders this morning....We have set out Prime Minister Truss' new, pro-growth economic approach, including immediate support for families and businesses to tackle the cost of living and a commitment to fiscal sustainability."
  • Broad political expectations are for a policy announcement to be delivered tomorrow on the gov'ts plan to assist families and business with rising energy prices. Towards the middle/end of the month a fiscal event to take place giving more in depth information on how the plan will work. Then later in the autumn a full emergency budget covering spending and taxation policy to be delivered.

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