Jeremy Hunt has announced a string of U-turns on policies previously set out by the Government - but what impact will they have on us?
The Chancellor confirmed the changes during a televised statement on Monday. The new measures are part of plans to fast-track billions of pounds of savings in an attempt to get public finances back on track and stabilise financial markets.
It follows talks over the weekend between Mr Hunt and Prime Minister Liz Truss on what the Treasury described as measures “to ensure sustainable public finances underpin economic growth”, reports the Manchester Evening News. Mr Hunt has already warned that taxes will have to rise and public spending will be squeezed to address the black hole in the public finances opened up by former chancellor Kwasi Kwarteng’s £45b mini-budget tax giveaway.
