hand to mouth governing looks like. camera crews were called to the treasury, ministers are petrified by the pace of events, yanking big chunks of massive announcement forward by a fortnight is not enough, even leaving it to this afternoon was too late. then there was a statement formed just after 11 o clock as well. h0 was a statement formed ust after 11 o clock as well. o clock as well. no government can control markets. o clock as well. no government can control markets. every o clock as well. no government can control markets. every government needs certainty about the sustainability of public finances. and they are doing that byjunking pretty much everything liz truss said she stood for. indie pretty much everything liz truss said she stood for. pretty much everything liz truss said she stood for. we will reverse almost all the said she stood for. we will reverse almost all the tax said she stood for. we will reverse almost all the tax measures - almost all the tax meas
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
one, it kpl includes almost a complete reversal of almost all controversial tax measures which had originally caused quite a bit of chaos in the u.k. stock exchange and sent the pound plummeting to historic lows. this is the third economic walk-back the government has been forced to make in less than six weeks, after prime minister liz truss took office. all were part of a plan to turbocharge economic growth, which was a key part of truss s leadership campaign. joining we now is sky news anchor, good to see you, she has been there for six weeks and introduced a bunch of tax cuts, walked back some of them and introduced more and walked back more of them. tell us what is happening and how is the conservative party reacting? everyone has been in total and utter display over the last six weeks. i think the headline today is the scale of the u-turn that her
laid the ground better. i do accept that, and i have learned from that, i have learned from that, and i will make sure that in future we do a betterjob of laying the ground. one of the issues in the mini budget, things amid many mps liked but one of the things that caused probably the biggest political row was the policy to scrap the 45p top rate of tax for the highest earners. liz truss did say this morning that was the chancellor s policy but you did defend it, she did say it didn t really raise very much money, she stood by doing it as part of a larger package of tax measures. but there are many conservative mps that think it is the wrong thing to do. have a listen to michael gove. there are two main have a listen to michael gove. there are two main things have a listen to michael gove. there are two main things that have a listen to michael gove. there are two main things that are - are two main things that are problematic, two major things that are problematic with the fisca