UK's Kwarteng: not focussed on new austerity measures


Reuters | London | Updated: 03-10-2022 12:47 IST | Created: 03-10-2022 12:46 IST
UK's Kwarteng: not focussed on new austerity measures
Kwasi Kwarteng Image Credit: Wikipedia
  • Country:
  • United Kingdom

Britain's finance minister Kwasi Kwarteng on Monday downplayed the prospect of new austerity measures to cut public spending, after reversing his plan to abolish the top rate of income tax.

Asked about possibility of further austerity measures, Kwarteng said: "I don't think so at all."

"I think what we're trying to focus on is growing the pie, growing the economy," he told LBC radio.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback