New Chancellor Jeremy Hunt has scrapped the tax cuts planned in Kwasi Kwarteng's mini-Budget and announced that energy bill support will only last until April.
In an emergency statement today, Mr Hunt said the Government would scrap plans to reduce the basic rate of income tax from 20% to 19% in April next year.
He said help with energy bills for all households - Prime Minister Liz Truss's flagship policy - will only last until April. There will be a review to look at a “new approach” to target support at those worst off after that.
