UK Prime Minister Truss will hold a press conference on the 14th to make an announcement on the UK economy. announced by the Prime Minister’s Office.
The prime minister plans to withdraw some of his administration’s economic strategies on the same day, a person familiar with the matter said. The prime minister was facing pressure to explain the funding for the previously announced economic package.
The people, who asked not to be identified because the plan has not yet been announced, did not say which parts of the package would be withdrawn. With the policy rollback, Finance Minister Quarteng will be “removed,” tweeted The Times political editor Stephen Swinford. It is not clear who will succeed him.
UK Finance Minister cuts US visit and returns to Japan
The Prime Minister will hold a press conference at 2pm London time, according to The Telegraph. He also reported that the freeze on the corporate tax rate, which has been attracting attention, will be lifted and will be raised from the current 19% to 25% as originally planned.
The pound narrowed its decline once morest the dollar and British bonds rose.
原題：*UK BONDS EXTEND GAINS; 10-YEAR YIELD DROPS 30BPS TO 3.90%、Pound Pares Loss After Report UK to Reverse Some Plans Friday、UK Will Raise Corporation Tax to 25% in April: The Telegraph、UK’s Truss to Reverse Some Economic Plans Later Friday (1)、Liz Truss to Hold Press Conference on UK Economy Later Friday、Kwarteng Is Being Sacked as Chancellor: Times’ Swinford（抜粋）
