Image:
Jeremy Hunt was appointed Chancellor of the Exchequer on Friday (14 October) after the sacking of Kwasi Kwarteng | Picture by Andrew Parsons / No 10 Downing Street
New chancellor Jeremy Hunt will be ripping up the bulk of his predecessor Kwasi Kwarteng’s package of tax cuts in an effort to stabilise markets, he said in an emergency statement published today (17 October).
Hunt, appointed chancellor of the Exchequer on Friday (14 October) following Kwarteng's sacking, will be reversing nearly all the tax measures introduced in the government's ‘Growth Plan' on 23 Sep...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
