Jeremy Hunt replaces Kwarteng as Britain’s finance minister
LONDON (Reuters) -Former 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…
Britain’s Kwarteng doubles down on tax cuts, promises fiscal discipline
By Alistair Smout and Elizabeth Piper BIRMINGHAM (Reuters) – British finance minister Kwasi Kwarteng will vow on Monday to stay the course with his planned tax cuts but promised an “iron-clad” commitment…
Challenging ‘orthodoxy,’ Kwarteng clings on after UK market rout
By Sinead Cruise, Alistair Smout and Elizabeth Piper LONDON (Reuters) – As new British finance minister, Kwasi Kwarteng hoped to take down finance ministry groupthink that he and new Prime Minister Liz…
UK’s Kwarteng tries to reassure bankers, gets nervous response
By William James, Huw Jones and Sinead Cruise LONDON (Reuters) -British finance minister Kwasi Kwarteng sought to reassure investment bank executives on Wednesday the government had sound fiscal plans, in the face…
New finance minister Kwarteng gives UK PM Truss key ally in economic storm
By Alistair Smout, Elizabeth Piper and Sinead Cruise LONDON (Reuters) – In Kwasi Kwarteng, Prime Minister Liz Truss has picked an ideological ally as Britain’s new finance minister, charging him with tackling…