Treasurer Jim Chalmers is returning from the United States from an “eventful pre-budget trip,” Sky News Political Editor Andrew Clennell says. “He was in one of the last meetings Kwasi Kwarteng had as UK Chancellor of the Exchequer before Kwarteng was sacked by Prime Minister Liz Truss in Britain,” Mr Clennell said. “Kwarteng appeared agitated and distracted during the meetings apparently - and some of the speeches at the G20 finance ministers forum must have been uncomfortable for him - given they all stressed having your budget in line with central bank policy, and the UK Chancellor, then UK Chancellor, had gone for some big unscheduled tax cuts. “Our Treasurer met with the Federal Reserve chair Jerome Powell just hours after a surprise high annual inflation figure of 8.2 per cent was recorded in the US.”
from Latest World News Headlines | Daily Telegraph https://ift.tt/5XWoF01
Saturday, October 15, 2022
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