The presentation of the UK government’s revised budget for 2023 on November 17 was the first major test for Chancellor of the Exchequer Jeremy Hunt since his hasty appointment a month ago. He was expected as a fireman as the previous budget, announced on September 23, had been a failure that plunged Britain into a financial crisis that saw his predecessor Kwasi Kwarteng, then newly appointed Prime Minister Liz Truss, quickly replaced by Rishi Sunak.
True to the image he has presented to the British people for more than ten years, the slender Chancellor of the Exchequer has taken the step in stride. His seriousness and return to an austere budget, in the purest Tory tradition, calmed the financial markets, which had caused the pound to collapse and interest rates to rise in the face of the unfunded plan by the Truss-Kwarteng team. . And he used his “Oxfordian” smile – the university where he studied – to, in the heat of the House of Commons, quell the attacks from the Labor Party, which came to beat his strict treatment.