Treasury chief Jeremy Hunt scraps most of an economic package announced by the UK government just weeks ago.

British Chancellor of the Exchequer Jeremy Hunt has reversed most of an economic package announced by the government just weeks ago, saying the country needed to rebuild investor confidence.

Hunt said on Monday he was scrapping “almost all” the tax cuts announced last month and signaled public spending cuts were on the way.

Read more at Aljazeera.com

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Edited by Jesus Chan

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