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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...
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