Jeremy Hunt, the Minister of Economy who entered the Government just two weeks ago to reverse the fiscal plans of Liz Truss, He will maintain the position in the Executive of the new British Prime Minister, Rishi Sunak.
Hunt’s permanence at the helm of UK finances was the first announcement made by Sunak on Tuesday as he began to appoint his cabinet, after being commissioned to form a government by King Charles III.
After the turbulence caused by the truss tax cutwho submitted his resignation last week, Sunak has stressed that his main objective will be to restore “economic stability.”
Hunt briefly met the Prime Minister at 10 Downing Street, his official residence, before the announcement of his continuity at number 11 of the same street, where the office of the Minister of Economy is located, was made public.
The conservative politician is expected keep your plans to appear next Monday in the House of Commons to outline your medium-term financial roadmap.
After the storm that caused the Truss tax cut, The markets expect the British Executive to detail its plans to boost growth and reduce the weight of public debt in relation to GDP.
In his first address to the nation as prime minister, Sunak warned that they expect “difficult decisions” to be made to redirect the economic situation.
Hunt’s budget will be published the same week that the bank of england monetary policy committee will meet to assess a foreseeable new rise in interest rates.
After Sunak’s inauguration, the pound sterling appreciated today by 1.41% against the US dollar and 0.68% against the eurowhile the interests of the 30-year sovereign bond of the United Kingdom remained almost unchanged, with a decrease of 0.06%.