There have been fresh calls for Prime Minister Liz Truss to resign after new Chancellor Jeremy Hunt announced he was ditching nearly all of the measures set out in last month's controversial mini-budget. Pressure has mounted on the PM, who was only appointed to the post in September, with members of her own party calling for her to go following the embarrassing U-turns.
In a live address to the nation, Hunt announced he would be reversing a number of key tax cut policies with the Government's plans to cut the basic rate of income tax from 20 per cent to 19 per cent cancelled for the foreseeable future. He also confirmed that a big change would be made to the energy price guarantee which was announced less than a month ago, with the scheme to cap all household energy bills for two years now set to be cut from April 2023. You can read more about these new plans here.
The reversals come as Truss faces calls to step down by members of her own party, including a Welsh MP. Get the latest political news and updates from WalesOnline sent straight to your inbox for free by signing up to our newsletter.
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