some of what the chancellor set out does apply here, including for example the increases in pensions and in some benefits. on the issue of a windfall tax, there is some support for that in parts of scotland, but in the north east of the country in particular, there is concern that it might affect investment in the north sea, including one of the problems facing northern ireland at the moment is that there is a big black hole in public finances. that there is a big black hole in ublic finances. ~ ~:: ., public finances. some £660 million has been overspent public finances. some £660 million has been overspent on public finances. some £660 million has been overspent on public- has been overspent on public services due to the cost of so many things going up. and there is no functioning government in place here at the moment either to help tackle it. today, the chancellor said that northern ireland would get an extra £650 million of cash in the funding it gets from central governm
mandate to carry out the plans that she wanted and that disasters many budget that we had a few weeks ago. where liz truss in the former chancellor set out their tax cutting plans and their economic measures. but it has been misstep after misstep and it all culminated last night with complete breakdown and party discipline, chaos mycommands and, really, liz truss authority being diminished to essentially zero. the chairman of the 1922 committee, the backbench tories represented liz truss today and basically told her it was all over ever back to another leadership race. , ever back to another leadership race. 3 ever back to another leadership race. , ., ., , race. let s look at the image, ust for a race. let s look at the image, ust fora moment. i race. let s look at the image, ust for a moment, because i race. let s look at the image, ust for a moment, because often h race. let s look at the image, just for a moment, because often i ml for a moment, because often i m picked is l
wrote that they shared the same vision and jeremy hunt is a former health secretary and foreign secretary, and has tried to become leader himself twice. now, he is the fourth chancellor of the exchequer since july. politics has been on fast forward this autumn. it s five and a half weeks since liz truss became prime minister. mr speaker, we are at the beginning of a new era and as we contemplate. it s three weeks since the now former chancellor set out his planned tax cuts. and less than a fortnight since he ditched the cut for the best paid. ifelt, and the prime ministerfelt, that this was just a distraction on what is a very strong package. and then, just yesterday, there was this. and you will be chancellor and liz truss will be prime minister this time next month? absolutely 100%. i m not going anywhere. perhaps it s little wonder
only announced three weeks ago. it wasn t only announced three weeks ago. it wasn tiust only announced three weeks ago. it wasn tjust the economic only announced three weeks ago. it wasn t just the economic prospectus that the wasn t just the economic prospectus that the prime minister and her chancellor set out at the beginning of her chancellor set out at the beginning of her administration, this was central of her administration, this was central to of her administration, this was central to the platform on which she stood central to the platform on which she stood the central to the platform on which she stood the summer in the tory leadership contest, that she was going leadership contest, that she was going to leadership contest, that she was going to cut tax for business. if we are going going to cut tax for business. if we are going to going to cut tax for business. if we are going to hear, as expected, that she is are going to hear, as expected, that she is
aimed at helping working people. this morning the foreign secretary james cleverly warned tory mps that any attempt to replace liz truss as prime minister would be a disastrously bad idea . let s take a look at how we ve got this point. yesterday, liz truss appeared at pmqs for the first time since the chancellor set out the mini budget. she was repeatedly asked about her management of the economy which has been in turmoil since her measures were announced truss said she wouldn t cut government spending, with downing street later saying there would be difficult decisions to make. the prime minister went to a meeting of the 1922 committee of tory backbenchers in the evening mp robert halfon said truss was trashing blue collar conservatism. earlier in the day, the bank of england confirmed it would bring its emergency intervention to an end