the new chancellor scraps most of last month s controversial mini budget. jeremy hunt has abandoned the promise of a 1p cut in basic income tax, while help with energy bills will only last till april. growth requires confidence and stability and the united kingdom will always pay its way. this government will therefore take whatever tough decisions are necessary to do so. the statement was designed to calm turmoil on the financial markets, and early reaction there has been positive. but labour say the government s in panic. the country will pay a lasting price for putting us through this ideological experiment and we ll pay a lasting price through economic
said although today s announcements will save £32 billion per year. but he warned there are more difficult decisions ahead on tax and spending in order to cut government debt. well, he ll address mps in the commons this afternoon. so far, the markets have reacted positively. labour says the government is in a state of panic. our political correspondent, helen catt, reports morning, chancellor. which measures will you be announcing today? fix, will you be announcing today? a barrage of questions for the new chancellor, who decided the markets could not wait any longer for some answers as he complains of a close the door on the government s mini budget. the door on the government s mini buduet. , , , budget. firstly, we will reverse almost all budget. firstly, we will reverse almost all of budget. firstly, we will reverse almost all of the budget. firstly, we will reverse almost all of the tax budget. firstly, we will reverse almost all of the tax measures| almost all of the ta
as dharshini was just saying, so far the financial markets have reacted positivity, but what do voters think? our correspondentjo black has been talking to people in northampton south, a marginal seat currently held by the conservatives. after weeks of political chaos and uncertainty, has the new chancellor s statement done anything to calm people s nerves? 62 miles north from westminster as the constituency of northampton south, a marginal seat currently held by the tories. reaction from the markets seems key at the moment, so we came to this one in the town centre. the government to this one in the town centre. the government has to this one in the town centre. the: government has today to this one in the town centre. tt;e: government has today decided to this one in the town centre. tt;e: government has today decided to to this one in the town centre. tt9 government has today decided to make further changes to the mini budget. is further changes to the mini budget- - - further