UK finance minister seeks to stem bond rout with Monday plan announcement - Reuters UK

LONDON, Oct 17 (Reuters) - New British concern curate Jeremy Hunt volition denote taxation and spending measures connected Monday, 2 weeks earlier than scheduled, arsenic helium tries to stem a nonaccomplishment of assurance successful the government's fiscal plans.

"The Chancellor volition marque a connection aboriginal today, bringing guardant measures from the Medium-Term Fiscal Plan that volition enactment fiscal sustainability," the concern ministry said. "He volition besides marque a connection successful the House of Commons this afternoon."

Hunt met Prime Minister Liz Truss implicit the play to overhaul economical proposals that triggered a slump successful the worth of the lb and British authorities bonds erstwhile they were announced connected Sept. 23.

Hunt volition present a fuller medium-term fiscal program arsenic scheduled connected Oct. 31 alongside forecasts from the autarkic Office for Budget Responsibility, the Treasury said.

Hunt met Bank of England Governor Andrew Bailey and the caput of Britain's Debt Management Office precocious connected Sunday to little them connected his plans, the Treasury said.

Sterling roseate successful trading successful Asia successful bladed volumes aboriginal connected Monday.

Hunt faces different trial of his effort to stem the situation of assurance astatine 8 a.m. (0700 GMT) erstwhile the enslaved marketplace reopens.

Writing by William Schomberg. Editing by Gerry Doyle

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