She’s probably not even finished unpacking, but the Prime Minister is edging closer and closer to being booted out of Number 10 after her new chancellor all but rubbished her mini-budget.
Jeremy Hunt abandoned almost all the tax cuts promised by Kwasi Kwarteng’s predecessor and reduced support for household energy bills. This statement was essentially a declaration that he took the reins from Liz Truss.
We’ve rounded up the key points from his Monday-morning speech Here but, in summary, only the scrapping of the National Insurance rise and the cut in stamp duty remains from Kwarteng’s radical plans.
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In his televised statement, the Chancellor – who only took office on Friday – warned of more “tough”More to come.
“Governments cannot eliminate volatility in markets but they can play their part and we will do so,”He stated.
Here’s a look at how Twitter responded to his announcement:
Hunt’s last-minute statement came as a fourth Tory MP, Angela Richardson, called publicly for Truss to stand down saying that the problems with the public finances were “100 per cent down to the Prime Minister”.
Richardson told Times Radio: “I just don’t think that it’s tenable that she can stay in her position any longer. And I’m very sad to have to say that.
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