Money expert Martin Lewis has shared his verdict on the Government's latest economic announcement. New Chancellor Jeremy Hunt confirmed he was ditching many of the measures in the mini-budget, including the planned cut to income tax, in an statement on October 17.
He also outlined that help with energy bills for all households would be scaled back and now only last until April. Mr Hunt said a review would look at a “new approach” to target support at those worst off after this period.
Prime Minster Liz Truss had previously set out plans to freeze energy bills at an average of £2,500 a year for two years. Mr Lewis said the previous plans, which shocked financial markets, had been 'hunted down' and were now 'gone'.
