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Truss: Clearer That Parts Of Mini Budget Went Faster & Further Than Markets Expected

UK

PM Liz Truss' presser underway following her sacking of Chancellor Kwasi Kwarteng and replacement with Jeremy Hunt.

  • Truss: "Parts of our mini budget went further and faster than markets were expecting...I have therefore decided to keep the increase in corporation tax planned by the previous government… it will act as a downpayment on our medium term fiscal plan.”
  • Truss: "I was incredibly sorry to lose [Kwarteng]" Says Hunt is "one of the most widely respected parliamentarians"
  • Truss: 'Hunt to deliver medium term fiscal plan at the end of this month...We owe it to the next generation to improve our economic performance’
  • Truss: "I want to be honest, this is difficult.'
  • Livestream: https://www.youtube.com/watch?v=8dGARW-dbzs
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Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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