New chancellor announces mini-budget repair measures as Liz Truss fights for survival
Politics live – latest updates
Jeremy Hunt has effectively ripped up almost all of Liz Truss’s disastrous mini-budget, scrapping virtually all the announced tax cuts and drastically scaling back the government’s flagship plan to cap rising energy prices.
In a televised statement before a full Commons statement on Monday afternoon Hunt, who was appointed as chancellor in place of the sacked Kwasi Kwarteng on Friday, said the only remaining tax cuts would be those already being put into place – the move to reverse the recent rise in national insurance, and a cut to stamp duty.
New chancellor announces mini-budget repair measures as Liz Truss fights for survivalPolitics live – latest updatesJeremy Hunt has effectively ripped up almost all of Liz Truss’s disastrous mini-budget, scrapping virtually all the announced tax cuts and drastically scaling back the government’s flagship plan to cap rising energy prices.In a televised statement before a full Commons statement on Monday afternoon Hunt, who was appointed as chancellor in place of the sacked Kwasi Kwarteng on Friday, said the only remaining tax cuts would be those already being put into place – the move to reverse the recent rise in national insurance, and a cut to stamp duty. Continue reading…