A year after market turmoil, the U.K.’s chancellor is back in the spotlight

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U.K. finance minister Jeremy Hunt will present his Autumn budget on Wednesday. He’ll be hoping it goes a lot better than his predecessor’s a little over a year ago.

In September 2022, Kwasi Kwarteng, the new Chancellor of the Exchequer — as the position is known — delivered a seasonal budget statement at the behest of freshly-installed Prime Minister Liz Truss, that proposed a £45 billion package of unfunded tax cuts.

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