announced by his predecessor, kwasi kwarteng, in last month s mini budgetjust three weeks ago. in an emergency statement this morning, he abandoned indefinitely the planned ip cut in the basic income tax that was due to come next year. help with energy bills will now only last until next april. instead of for two years, and then that will be reviewed. today, jeremy hunt claimed all of those announcements will save £32 billion a year, but he also warned that there are going to be more difficult decisions ahead on tax and spending to cut government debt. he will be addressing mps in the commons later this afternoon, some time after lipm. before then, there will be an urgent question in there will be an urgent question in the commons asked by sir keir starmer. it will not be liz truss responding to that, it will instead be penny mordaunt. so plenty ahead in the commons. in terms of the market reaction, jeremy hunt said that he had sought to reassure the markets this morning and
finding a way to trade with the uk internal market and also the european single market, border checks between england and scotland, as announced today by the first minister. massive gap in public finances that would have to be breached. that is a recipe for precisely the austerity she say she is worried about. let me say this. if we want economic stability, if scotland wants economic stability, to coin a phrase, we are stronger together. what will the impact of these measures be on the growth rate, and will we still avoid recession? i will we still avoid recession? i will publish the economic forecast from the obr when i make my statement in a fortnight s time. i think it s betterfor statement in a fortnight s time. i think it s better for me to wait until i hear that. but the proper answer to his question is that what we are seeking is long term, sustainable increase in the economic growth rates, and that is a central policy of the prime minister which has my wholehearted su
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british prime minister, liz truss, has defended her government s chaos, and a sharp drop in the value of the pound. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me arejessica elgot, deputy political editor at the guardian and emma wolf an author and journalist. we usually start with newspaper front pages, but the economist magazine s cover is so eye catching, we thought we d kick off with it: under a banner of how not to run a country it shows liz truss and kwasi kwarteng in a sinking rowing boat named great britain . the i newspaper continues the theme with the banner: tories fear wipe out after three weeks of truss as pm, also highlighting the yougov poll which they suggest shows more than half of voters would back the opposition in a general election. the times picks up with new bad news. the daily mail echoes the sentiment trust i am not for turning. the guardian looks ahead to tomorrow s meeting between liz truss and br
ensure there is trust and confidence in our national finances. that means decisions of eye watering difficulty. as her plans unravelled, liz truss kept a low profile in westminster leaving a cabinet colleague to step in. the prime minister is not under a desk. she. laughter. after a day in which the prime minister was barely seen and not heard, tonight she speaks exclusively to me for this programme. also on the programme. russian forces launch waves of drone attacks on the ukrainian capital kyiv. hundreds of metropolitan police are getting away with law breaking and misconduct says a new report. iamat i am at the roundhouse in london where the winner of the booker stay with us here on the bbc news channel 4 continuing coverage and analysis from our team of correspondents in the uk and around the world. good evening and welcome to the bbc news at ten. the prime minister liz truss has said she is sorry and accepts repsonsibility for mistakes in her economic plan as the maj