“After the mini-budget, we were going at breakneck speed and I said we should slow down. She said, ‘Well, I’ve only got two years’ and I said, ‘You will have Read more
Tag: Chancellor
U.K. bank shares fall on report new Chancellor Hunt to hike taxes
Shares in U.K. banks fell sharply on Wednesday following reports the government was considering a further tax on the sector. Lloyds LLOY, -3.57% dropped 3.4%, NatWest NWG, -1.69% shed 2%, Read more
U.K. chancellor throws out almost all major tax cuts from the mini-budget and pares back energy support
The U.K.’s new Chancellor of the Exchequer Jeremy Hunt has scrapped the majority of the £45 billion previously announced unfunded tax cuts in an emergency statement on the mini-budget. Hunt Read more
U.K. chancellor throws out almost all major tax cuts from the mini-budget and pares back energy support
The U.K.’s new Chancellor of the Exchequer Jeremy Hunt has scrapped the majority of the £45 billion previously announced unfunded tax cuts in an emergency statement on the mini-budget. Hunt Read more
Next U.K. chancellor set to be fourth in four months as Kwasi Kwarteng confirms exit
Prime Minister Liz Truss has asked Kwasi Kwarteng to step aside as Chancellor of the Exchequer, he confirmed on Friday. Truss is poised make a public statement later today, which Read more
Kwasi Kwarteng says he has accepted decision to stand aside as chancellor
In a statement, the now-former Chancellor of the Exchequer Kwasi Kwarteng says he has accepted the decision by U.K. Prime Minister Liz Truss to leave. Kwarteng says Truss’s vision of Read more
U.K. Chancellor Kwarteng to be fired as chancellor, report says
U.K. Chancellor of the Exchequer Kwasi Kwarteng is going to be fired, The Times newspaper reported without attribution. Kwarteng has flown back from Washington, D.C. early from the International Monetary Read more
New U.K. Chancellor Kwarteng reportedly wants to scrap the cap on bankers’ bonuses
Kwasi Kwarteng, the new Chancellor, is reportedly looking to get rid of the cap on banker bonuses, which was brought in after the global financial crash in 2014, according to Read more
Just-appointed Chancellor Zahawi says Johnson should ‘go now’
Nadhim Zahawi, appointed as chancellor only Tuesday, said in a letter posted to social media that U.K. Prime Minister Boris Johnson should resign. Zahawi said he accepted the role out Read more