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Evening Standard
Evening Standard
World
Tom Davidson

Jeremy Hunt emergency statement in full: Chancellor scraps swathes of disastrous mini-Budget

Jeremy Hunt Kwasi Kwarteng

Jeremy Hunt is reversing almost all tax measures announced in Kwasi Kwarteng’s disastrous growth plan just three weeks ago that have not started parliamentary legislation.

In an emergency statement, the new Chancellor of the Exchequer said these measures were intended to provide confidence and stability in the financial markets which have been in turmoil ever since Mr Kwarteng’s so-called mini-Budget.

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