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The Independent UK
The Independent UK
National
Sylvia Hui

UK Treasury chief to bring forward fiscal plan publication

Copyright 2022 The Associated Press. All rights reserved.

Britain's Treasury chief said Monday he will bring forward the publication of the government's full fiscal statement after facing widespread criticism for not providing details about a multibillion-pound, tax-cutting stimulus package he announced last month.

Kwasi Kwarteng had been expected to publish details of his financial strategy on Nov. 23, two months after he first unveiled plans that included some 45 billion pounds ($50 billion) in tax cuts, to be paid for by government borrowing. That plan sparked days of turmoil on financial markets and sent the British pound tumbling to record lows against the U.S. dollar.

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