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Jeremy Hunt becomes new UK Chancellor of the Exchequer
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New UK Chancellor Jeremy Hunt has admitted mistakes were made in his predecessor's mini budget as he signals a new economic plan.
Prime Minister Liz Truss fired former chancellor Kwasi Kwarteng after just 38 days, following weeks of economic turmoil sparked by the government’s plan to introduce a tax cut for top income earners.
With the tax cuts now scrapped, Ms Truss is fighting for her political survival as disquiet grows among her backbenchers.
Prime Minister Liz Truss fired former chancellor Kwasi Kwarteng after just 38 days, following weeks of economic turmoil sparked by the government’s plan to introduce a tax cut for top income earners.
With the tax cuts now scrapped, Ms Truss is fighting for her political survival as disquiet grows among her backbenchers.
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