Jeremy Hunt’s economic plan turns the clock back to austerity

UK chancellor’s tightening of fiscal policy will lead to weaker growth and a deeper recession

Jeremy Hunt statement – latest updates

An economic Suez. For once, comparisons with the humiliation suffered by Sir Anthony Eden’s government in 1956 are appropriate because within 72 hours of becoming chancellor, Jeremy Hunt has abandoned not just most of Kwasi Kwarteng’s planned tax cuts but the government’s entire growth strategy.

Put simply, after less than six weeks in office Liz Truss has been forced into a complete capitulation to the forces of orthodoxy – the International Monetary Fund, the Treasury and the financial markets.

Continue reading…

4439

1164

Subscribe

Connect with

Login

I allow to create an account

When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.

DisagreeAgree

Notify of

new follow-up comments new replies to my comments

Label

{} [+]

Name*

Email*

Website

I allow to create an account

When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.

DisagreeAgree

Label

{} [+]

Name*

Email*

Website

0 Comments

Inline Feedbacks

View all comments