Chancellor Jeremy Hunt is expected to set out billions of pounds of savings and U-turns on the Government’s disastrous ‘mini Budget’ after announcing an emergency statement on Monday.
Mr Hunt, who was appointed on Friday after predecessor Kwasi Kwarteng was sacked by Prime Minister Liz Truss, had been due to speak on the Government’s medium-term fiscal plan on October 31 but will announce some measures today to “ensure sustainable public finances underpin economic growth”, the Treasury said.
After saying at the weekend that Mr Kwarteng’s plan had gone “too far, too fast”, Mr Hunt has met the Prime Minister over the weekend, as well as the Governor of the Bank of England and the Head of the Debt Management Office to brief them on the plans.
