International Economy
British Trade Minister Greg Hands (right). Archive photo. Photo: Made Naji/AP/TT
Economics (TT)
The British government’s controversial budget proposal has been fixed. Trade Minister Greg Hands made the announcement and said there were “absolutely no plans to change anything,” Reuters reported on Twitter and refers to LBC Radio.
Yesterday, there were reports that the government is ready to make a radical change regarding the proposed tax cuts. This while Finance Minister Kwasi Kwarteng is reported to be on his way back to London from Washington for a crisis meeting with Prime Minister Liz Truss.
Meanwhile, the 30-year bond interest rate continued to decline, down 12 points, to 4.42 percent from 5.1 percent on Wednesday.
“Extreme tv maven. Beer fanatic. Friendly bacon fan. Communicator. Wannabe travel expert.”
More Stories
The British economy shrinks for the first time in seven years – and the pound weakens foreign
Starmer promises nationalization of trains and new housing
UK economy hit hard by Brexit – country's credit rating downgraded | Foreign