Joe Biden calls Liz Truss’s mini-Budget ‘a mistake’
Penny Mordaunt is facing the House of Commons in place of Liz Truss, after the prime minister dodged Labour’s urgent question on the economic chaos caused by her mini-Budget.
Borrowing one of Margaret Thatcher’s favourite put-downs, a Labour source described the prime minister as “frit” - meaning “frightened”.
It comes after Jeremy Hunt announced the government has scrapped most of the measures set out in the mini-Budget, including the planned cut to income tax.
In an emergency statement this morning, he said: “We will reverse almost all the tax measures announced in the growth plan three weeks ago that have not started parliamentary legislation.”
The chancellor also announced that Liz Truss’s s promise to support Britons by controlling the price of energy bills for two years will now only last until April.
He will address the Commons this afternoon at 3.30pm.
