Financial guru Martin Lewis has had his say on today's urgent announcement by new Chancellor Jeremy Hunt - who revealed that he would be making one of the biggest U-turns in the country's political history.
Today, the newly appointed senior Cabinet Member announced that the previously agreed two-year energy price promise will be scaled back to a mere six months, while also revealing a handful of other spins on Kwasi Kwarteng's mini-budget last month.
And Martin was quick to pitch in his opinion shortly after Hunt's announcement - taking to both social media and BBC Radio 5 Live with Naga Munchetti to discuss what the change means for the UK and its residents.
In a thread of posts made to Twitter, Martin wrote: "Hunt says energy price guarantee to remain until April. After that treasury review on how to support energy prices. Plus all mini budget tax measures (barring stamp duty and NI cut) now not happening, so no cut in basic rate.
"Trussenomics totally hunted down and gone."
He then went on to explain his ideology as to why all economic problems Truss currently faces, are down to her initial energy bill policy. He continued: "Its arguable the entire economic problems Liz Truss has, stems back to her energy bill policy. Let me explain, in 5 points.
"1. During the zombie govt, due to leadership contest, even though it was blindingly obvious energy intervention was needed, no plans were made or promised. 2. Yet campaign pledges on tax cuts were made at that point, possibly without factoring in the cost of the coming unavoidable energy intervention.
"3. Liz Truss at the time also strongly poo-pooed handouts to differentiate from Rishi Sunak scheme. 4. When they hit govt and it became blindingly obvious that intervention was needed. They needed to do it at breakneck speed, with urgent meets with the energy firms.
"The only route without it being called 'a handout' was a universal reduction - the most expensive intervention.
"5. Yet they still went ahead with the other promises too, and the combination of both seems to be what caused the house of cards to tumble. PS this is one take on it. I'm not in the inner circles of govt so some is supposition."
After the six-month period, the help and assistance will only be available to the poorest. Mr Hunt signalled that the assistance will be 'significantly less than planned', just as bills are set to top £5,000 per year.
A treasury review will take place to decide exactly who will be eligible for further help, and how much assistance they will receive.
In one of the biggest Budget U-turns in the political history of the United Kingdom, Hunt also scrapped nearly all of the remaining measures from Kwasi Kwarteng's mini-Budget - including £2bn changes to the IR35 tax rules for self-employed people, a £1bn cut in dividend tax, £2bn VAT-free shopping for visitors to the UK, and a £600m freeze on alcohol duty.
Furthermore, he is also plotting to scrap plans to cut Income Tax from 20p to 19p in every pound next April. Income Tax might not even be cut in 2024 - like the Tories promised.
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