Britain's new finance minister Jeremy Hunt is to delay a planned reduction to the basic rate of income tax by one year after the country's fiscal watchdog warned that the public finances were in a worse state than expected, the Sunday Times reported.
The newspaper said Hunt would put off for a year a plan to reduce the basic rate of income tax next April, to save 5 billion pounds a year. It said Hunt needed to plug a black hole in the public finances of 72 billion pounds.
Reporting by Kate Holton; editing by Philippa FletcherAustralia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jeremy Hunt replaces Kwarteng as Britain's finance ministerFormer foreign minister Jeremy Hunt has been appointed Britain's finance minister, Prime Minister Liz Truss's office said on Friday, following Kwasi Kwarteng's resignation from the post after less than six weeks in the job.
Read more »
Jeremy Hunt could become next UK finance minister - TimesFormer British foreign minister Jeremy Hunt will succeed Kwasi Kwarteng as the new finance minister, a reporter for the Times said on Friday, following media reports that Kwarteng has been sacked.
Read more »
Jeremy Hunt appointed as Britain's new finance minister – TimesFormer British foreign minister Jeremy Hunt has been appointed as the new finance minister by Prime Minister Liz Truss, Times Political Editor Steven
Read more »
New U.K. Chancellor Jeremy Hunt Seen as Moderate in Bid to Appease MarketsThe new U.K. Chancellor of the Exchequer is Jeremy Hunt, a quietly spoken veteran Conservative lawmaker who now must help restore the British government’s credibility with investors
Read more »
Ripple Lawsuit: Jeremy Hogan Clarifies 'Confusion' Regarding Release of Hinman EmailsJeremy Hogan points to a key challenge concerning release of Hinman emails XRPCommunity SECGov Ripple Jeremyhogan XRP XRPHolders XRPArmy xrpthestandard
Read more »
Astros-Mariners Game 2 live updates: Carlos Correa has high praise for Jeremy PeñaUpdates and analysis from Game 2 of the Astros-Mariners American League Division series...
Read more »