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The Guardian - UK
The Guardian - UK
Politics
Aubrey AllegrettiPolitical correspondent

Jeremy Hunt hints at tax rises as he reverses mini-budget in Commons

Jeremy Hunt Kwasi Kwarteng Liz Truss Rachel Reeves
Jeremy Hunt outlines to MPs his plans to roll back Liz Truss’s mini-budget.
Jeremy Hunt outlines to MPs his plans to roll back Liz Truss’s mini-budget. Photograph: PRU/AFP/Getty Images

The new chancellor has hinted that tax rises could be on the way as he rolled back the vast majority of measures in the mini-budget and admitted decisions of “eye-watering difficulty” lay ahead.

Jeremy Hunt conceded that confidence and stability in the UK economy had been shaken over the past few weeks as he addressed MPs in his first Commons statement since replacing Kwasi Kwarteng on Friday.

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