Jeremy Hunt, who was brought in Friday to replace Kwasi Kwarteng as Treasury chief and restore order in Truss’ administration, warned of “difficult decisions” to come
. He said taxes could rise and public spending budgets would likely be squeezed further in the coming months.
Hunt said Truss recognizes her mistakes and he is going to put them right. Hunt is expected to meet with Treasury officials later and with Truss on Sunday. Hunt also indicated that taxes could rise and warned “it’s going to be difficult,” though he declined to give details about how he plans to balance the books ahead of a full fiscal statement expected on Oct. 31.
His comments Saturday suggested he may dismantle much of the economic pledges that Truss campaigned for and tried to implement during her first weeks in office.
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