UK Finance Minister Jeremy Hunt was parachuted into the job on Friday to replace the sacked Kwasi Kwarteng, will at 1000 GMT trail measures from a fiscal plan due October 31.
LONDON - Britain's new finance chief Jeremy Hunt will Monday bring forward fiscal measures to further calm turmoil in the markets in another government U-turn that appears to have left Liz Truss's position as prime minister hanging by a thread.
The news sent the British pound surging more than one percent against the dollar, while bond yields fell sharply on investor relief. "This follows... further conversations between the prime minister and the chancellor over the weekend, to ensure sustainable public finances underpin economic growth," the Treasury added.Tax reductions were the centrepiece of the ill-starred budget, but they were financed via huge borrowing.
Hunt met with the governor of the Bank of England and the head of the Debt Management Office to discuss his plans late on Sunday.
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