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UK's Kwarteng promises to bring spending under control -The Telegraph

09/30/2022 | 05:11pm EST
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FILE PHOTO: New British Health Chancellor of the Exchequer Kwasi Kwarteng walks outside Number 10 Downing Street in London

(Reuters) - Britain will make a new "commitment" to bring public spending under control following a week of financial turmoil, British finance minister Kwasi Kwarteng said in an essay published in The Telegraph on Friday.

Kwarteng vowed to publish a "credible" plan in November to reduce debt. He also doubled down on his mini-budget, writing that while some measures may not be universally popular "we had no other choice."

(Reporting by Akriti Sharma in Bengaluru; Editing by Leslie Adler)


© Reuters 2022
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