China News Service, October 15. According to Singapore’s “Lianhe Zaobao” report on the 15th, British Prime Minister Truss, who has been caught in a political storm due to a large-scale tax cut plan, has made major policy adjustments under continuous pressure, making her The credibility of the party inside and outside the party has been hit once more.
Data map: British Prime Minister Truss.
According to the report, on October 14, local time, Truss said at a press conference that the large-scale tax reduction policy announced by the British government in September exceeded market expectations in both scale and speed, and the current government must strengthen fiscal discipline to appease the market. . The UK government will take the necessary steps to ensure debt falls in the medium term, but public spending will grow at a slower pace than previously planned.
Truss said that a low-tax, high-wage, high-growth British economy is still her policy goal, and her focus is to ensure the stability of the British economy. The new Chancellor of the Exchequer, Hunt, will unveil the medium-term fiscal plan on October 31 and continue to push through the government’s previously announced energy price protection measures for households and businesses.
Singapore’s “Lianhe Zaobao” quoted Bloomberg analysis as saying that Truss’ appointment of Hunter as the new finance minister is a big bet. Hunt belongs to the center-right of the Conservative Party and once backed Truss’ opponent, former finance minister Sunak, to take over as prime minister. He is also expected to be a potential candidate to succeed Truss as prime minister.
The report pointed out that whether Hunter can live up to his trust and get the British economy back on track, Truss has actually handed over a lot of power to Hunter, which will make it more difficult for her to keep the prime ministership.
Hunter, 55, was a former foreign secretary and health secretary. According to reports, Hunter gives the impression of being calm. Although Truss will pressure him to follow her economic plan, Hunter should be able to calm market sentiment.Return to Sohu, see more
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