More U-turns have seen Liz Truss’s economic blueprint torn up as new Chancellor Jeremy Hunt announced emergency measures intended to reassure the financial markets. But will Ms Truss be able to survive now Trussonomics has effectively been consigned to the scrapheap?
What has been announced so far?
The plan to scrap the 45p top rate of income tax was the first of the measures announced in Kwasi Kwarteng’s mini-budget on September 23 to bite the dust, the humiliating about-face overshadowing Ms Truss’s first Tory conference as party leader. The measure would have cost just over £2 billion a year in 2026-27.
