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Tax & Spend

Hunt Warns UK Faces Tax Rises in Clear Sign Trussonomics Is Over

  • New Chancellor of the Exchequer signals some cuts also needed
  • Hunt preparing to make medium-term fiscal statement on Oct. 31
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UK's Truss Makes Another Tax U-Turn, Defends Kwarteng Ouster
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Chancellor of the Exchequer Jeremy Hunt said the UK faces tough choices on tax and spending, as he seeks to calm financial markets with a marked change of economic direction following weeks of chaos triggered by his predecessor and Prime Minister Liz Truss.