Pubblicato in: Banche Centrali, Devoluzione socialismo, Regno Unito

Regno Unito. Il ministro delle finanze Jeremy Hunt è il vero capo del governo.

Giuseppe Sandro Mela.

2022-10-16.

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Il nuovo ministro delle Finanze britannico Jeremy Hunt è il vero capo del governo del Regno Unito, primo inglese in un gabinetto di immigrati ideologizzati, e per di più maschio.

Liz Truss per il momento rimane come cascame del pregresso, muta testimonianza di un danno economico irreparabile. Ed alle prossime elezioni politiche gli Elettori Contribuenti daranno ai laburisti una maggioranza bulgara, mandando Liz Truss ed  i deputati conservatori a mendicare sui sagrati delle chiese.

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                         Il nuovo ministro delle Finanze britannico Jeremy Hunt ha dichiarato sabato che alcune tasse dovranno aumentare, segnalando un’altra brusca inversione di rotta da parte del Primo Ministro Liz Truss, che sta lottando per salvare la sua leadership a poco più di un mese dall’inizio del suo mandato.

                         Nel tentativo di placare i mercati finanziari, in subbuglio da tre settimane, venerdì Truss ha licenziato Kwasi Kwarteng come Cancelliere dello Scacchiere e ha eliminato parti del suo controverso pacchetto economico. In una conferenza stampa affrettata, poco dopo aver licenziato Kwarteng, Truss ha dichiarato che l’aliquota dell’imposta sulle società aumenterà, abbandonando il suo piano di mantenerla ai livelli attuali, e che la spesa pubblica aumenterà meno di quanto previsto in precedenza. I grandi tagli fiscali non finanziati erano uno degli assi portanti dei piani originari di Truss, ma Hunt ha dichiarato che l’aumento delle tasse è in programma.

                         Ci aspettano decisioni molto difficili. La cosa che la gente vuole, che i mercati vogliono, che il Paese ha bisogno ora, è la stabilità. Nessun cancelliere può controllare i mercati. Ma quello che posso fare è dimostrare che possiamo pagare i nostri piani fiscali e di spesa e questo richiederà alcune decisioni molto difficili sia sulla spesa che sulle tasse.

                         Lunedì il mercato dei titoli di Stato britannici sarà messo alla prova quando funzionerà per la prima volta senza il supporto di acquisto di emergenza fornito dalla BoE dal 28 settembre. I prezzi dei Gilt sono scesi bruscamente venerdì dopo la conferenza stampa della Truss.

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«Britain’s new finance minister Jeremy Hunt said on Saturday that some taxes will have to go up, signalling another abrupt policy U-turn by Prime Minister Liz Truss who is battling to save her leadership just over a month into her term.

In an attempt to appease financial markets that have been in turmoil for three weeks, Truss fired Kwasi Kwarteng as her chancellor of the exchequer on Friday and scrapped parts of their controversial economic package. In a hurried news conference shortly after dismissing Kwarteng, Truss said the corporation tax rate would increase, abandoning her plan to keep it at current levels, and government spending would rise by less than previously planned. Big, unfunded tax cuts were a central plank of Truss’s original plans, but Hunt said tax increases were on the cards.»

«We will have some very difficult decisions ahead. The thing that people want, the markets want, the country needs now, is stability. No chancellor can control the markets. But what I can do is show that we can pay for our tax and spending plans and that is going to need some very difficult decisions on both spending and tax»

«On Monday, the British government bond market faces a test when it will function for the first time without the emergency buying support provided by the BoE since Sept. 28. Gilt prices fell sharply late on Friday after Truss’s news conference»

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New UK finance minister warns some taxes will rise in sign of new U-turn

London, Oct 15 (Reuters) – Britain’s new finance minister Jeremy Hunt said on Saturday that some taxes will have to go up, signalling another abrupt policy U-turn by Prime Minister Liz Truss who is battling to save her leadership just over a month into her term.

In an attempt to appease financial markets that have been in turmoil for three weeks, Truss fired Kwasi Kwarteng as her chancellor of the exchequer on Friday and scrapped parts of their controversial economic package.

In a hurried news conference shortly after dismissing Kwarteng, Truss said the corporation tax rate would increase, abandoning her plan to keep it at current levels, and government spending would rise by less than previously planned.

Big, unfunded tax cuts were a central plank of Truss’s original plans, but Hunt said tax increases were on the cards.

“We will have some very difficult decisions ahead,” he told Sky News.

“The thing that people want, the markets want, the country needs now, is stability,” Hunt said. “No chancellor can control the markets. But what I can do is show that we can pay for our tax and spending plans and that is going to need some very difficult decisions on both spending and tax.”

Hunt is due to announce the government’s medium-term budget plans on Oct. 31, a key test of its ability to show investors that it can restore its economic policy credibility.

He said spending would not rise by as much as people would like and all government departments were going to have to find more efficiencies than they were planning.

“Some taxes will not be cut as quickly as people want, and some taxes will go up. So it’s going to be difficult,” he said.

Kwarteng’s Sept. 23 fiscal statement prompted a backlash in financial markets that was so ferocious that the Bank of England had to intervene to prevent pension funds being caught up in the chaos as borrowing costs surged.

Hunt said he agreed with Truss’s fundamental approach of seeking to spark economic growth but the way she and Kwarteng went about it had not worked.

“There were mistakes. It was a mistake when we’re going to be asking for difficult decisions across the board on tax and spending to cut the rate of tax paid by the very wealthiest,” he said.

“It was a mistake to fly blind and to do these forecasts without giving people the confidence of the Office of Budget Responsibility saying that the sums add up. The Prime Minister has recognised that, that’s why I’m here.”

Truss was due to spend the weekend trying to shore up her flagging support within the Conservative Party, with newspapers quoting lawmakers who questioned her ability to stay in the job.

On Monday, the British government bond market faces a test when it will function for the first time without the emergency buying support provided by the BoE since Sept. 28. Gilt prices fell sharply late on Friday after Truss’s news conference.

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