but liz truss remains under pressure from the markets and her own mps. at a press conference in downing street, she acknowledged the market turmoil and said a rise in corporation tax would now go ahead. it is clear that parts of our mini budget went further and faster than markets were expecting. so the way we are delivering our mission right now has to change. called back from washington only to be fired the now former chancellor kwasi kwarteng in office for less than six weeks. his replacement, the former health secretary, jeremy hunt. he is the fourth uk chancellor since the summer. ~ , ., , ., summer. the prime minister has now been two planks summer. the prime minister has now been two planks of summer. the prime minister has now been two planks of her summer. the prime minister has now been two planks of her programme i summer. the prime minister has now| been two planks of her programme for government and her chancellor. the question tonight is can she surviv
of our fiscal discipline. former health secretary and leadership candidate, jeremy hunt, is now tasked with bringing the financial turmoil under control. also in the programme. cyrell and s supreme leader warns no one can overturn the islamic republic iran s leader. and the actor, robbie coltrane, who played hagrid in the harry potter films, has died aged 72. and welcome to bbc news. less than 2a hours after kwasi kwarteng insisted he was 100% safe in his job as uk chancellor he has gone sacked by liz truss after he flew back early from washington. in a day of political drama, the prime minister also reversed another of her key tax policies in an attempt to calm the financial markets. our political editor, chris mason, reports. turning up for another u turn, the prime minister invited reporters to downing street this afternoon and scrapped one of her key policies that she s championed for months. it is clear that parts of our mini budget went further and faster than ma
National Insurance contributions entirely depend on how much money you earn in work, and Chancellor Jeremy Hunt might be preparing an NI tax cut for workers in today's Autumn Statement
UK PM Sunak paved the way for some fiscal giveaways when Chancellor Hunt delivers the UK government’s Autumn Statement on Wednesday. With inflation halved compared to the start of the week, Sunak said that the government can begin the next phase by turning attention to cutting taxes. Any reductions will be made carefully and sustainably within the framework that debt to GDP will fall in the fifth year of the forecast (key fiscal rule). The PM said that Tories will take five long-term decisions to build the economy: reducing debt, cutting tax and rewarding hard work by reforming welfare, building domestic sustainable energy, backing UK British business and delivering working class education.
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