Jeremy Hunt, the UK chancellor, will on Monday dramatically rush forward billions of pounds of tax and spending measures in an effort to calm markets, a fortnight earlier than had been planned.
In a statement at 6am on Monday, the Treasury said that Hunt would announce new measures to tackle the government’s deficit before making a statement to the House of Commons later.
Hunt agreed the emergency statement with Liz Truss, prime minister, on Sunday, after concluding the government could not afford another battering by the markets this week.
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