Britain’s Chancellor of the Exchequer Kwasi Kwarteng  last week announced sweeping tax cuts, spooking currency and bond markets concerned about his mammoth spending commitments. Photo: AFP
Britain’s Chancellor of the Exchequer Kwasi Kwarteng last week announced sweeping tax cuts, spooking currency and bond markets concerned about his mammoth spending commitments. Photo: AFP
Britain

After UK market rout, what now for Chancellor Kwasi Kwarteng just weeks into job?

  • Kwasi Kwarteng has been Britain’s finance minister for less than a month
  • The economy is teetering on the brink following his first policy announcement

Britain’s Chancellor of the Exchequer Kwasi Kwarteng  last week announced sweeping tax cuts, spooking currency and bond markets concerned about his mammoth spending commitments. Photo: AFP
Britain’s Chancellor of the Exchequer Kwasi Kwarteng last week announced sweeping tax cuts, spooking currency and bond markets concerned about his mammoth spending commitments. Photo: AFP
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