Hunt also plans to increase taxes and reduce public spending to improve the national debt situation, the newspaper added.
On October 11, the Institute for Fiscal Studies said that the UK government needed to tighten fiscal policy and cut spending by more than 60 billion pounds ($66 billion) to stabilize the public debt.
On Saturday, Hunt said that the authorities, in particular the defense ministry, have to prepare for spending cuts. He also refused to promise that the government would not abandon plans to increase defense spending to 3% of GDP by 2030, as promised by Truss.
In addition, on Monday, Hunt canceled almost all measures of the controversial plan to support the country’s economy, proposed by his predecessor, Kwasi Kwarteng.