Truss and Kwarteng press on with tax cuts after talks with finance chiefs

LIZ Truss and Kwasi Kwarteng are pressing on with their tax cuts after holding urgent talks today with finance gurus to calm market jitters. The PM and Chancellor agreed to “work closely̶…

He said: “There's a lot of measures about how we're going to grow the economy, the detail is yet to come out.”Ms Truss yesterdayof an economic forecast before embarking on last Friday’s £45billion worth of tax cuts.

Sterling rallied slightly yesterday after the Bank’s intervention to buy Government bonds to save the pension industry from collapse. He said: “The judgement so far of markets is that what was announced last Friday doesn’t stack up fiscally and some changes are going to need to be made," Stride tells BBC Radio 4's Today Programme.Mr Griffith also hinted the Government’s plan to wrestle down debt could now be moved forward from the scheduled date of November 23.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheSun /  🏆 64. in UK

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Liz Truss to hold OBR talks after watchdog said it tried to give Kwarteng budget forecastOffice for Budget Responsibility chair Richard Hughes is understood to be meeting with the Prime Minister Liz Truss and the Chancellor for crunch talks on Friday
Read more »

All the Tory MPs who have publicly objected to Liz Truss and Kwasi Kwarteng’s mini-BudgetA number of current and former Tory MPs have voiced their concern over the Government's tax plans amid a backlash from voters and financial markets Here's what they have said ⬇️
Read more »

Truss and Kwarteng to meet OBR in effort to reassure markets\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »

Liz Truss interviews: Five key exchanges with prime ministerThe PM's reaction was keenly awaited after a dramatic week which saw a mini-budget and the pound slump.
Read more »