Jeremy Hunt has ripped up almost all of Liz Truss’s disastrous mini-budget, scrapping virtually all of the announced tax cuts and drastically scaling back the government’s flagship plan to cap rising energy prices.
In what amounts to utter humiliation for the prime minister, who now seems stripped of any political authority, the new chancellor said the only remaining tax cuts would be those already being put into place – the move to reverse the recent rise in national insurance and a cut to stamp duty.
