British Finance Minister Kwasi Quarting defended his “mini-budget,” which is based on significant tax cuts, after a week of turmoil in the financial markets, stating that there is “no other option” at a time when inflation in Britain has reached record highs, and the government revealed on September 23. Financial markets have been shaken by a series of budgetary initiatives that combine significant energy bill relief with tax breaks for the poor but come at a huge cost.
The British finance minister defends his mini-budget despite the financial crisis
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