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
Government can step the framework and Step Government can step the framework and step back when necessary. It can make and step back when necessary. It can make big and step back when necessary. It can make big decisions. What ive concluded is those decisions, which can change concluded is those decisions, which can change our country, can be so lacking can change our country, can be so lacking in can change our country, can be so lacking in debates and scrutiny that we stumbled into a consensus about the future we stumbled into a consensus about the future of our country that no one seems the future of our country that no one seems to be happy with. This is because one seems to be happy with. This is because too one seems to be happy with. This is because too often, motivated by short term thinking, politicians have short term thinking, politicians have taken the easy way out. Telling people have taken the easy way out. Telling pe0pte the have taken the easy way out. Telling people th
that that s the reason the chancellor had to go. he produced a part budget, not the whole thing. would have the leader of the house agree that is the reason? i am would have the leader of the house agree that is the reason? agree that is the reason? i am sure we will soon agree that is the reason? i am sure we will soon hear agree that is the reason? i am sure we will soon hear from agree that is the reason? i am sure we will soon hear from the - agree that is the reason? i am sure we will soon hear from the chance l agree that is the reason? i am sure i we will soon hear from the chance on these vote matters, concerns for the memos of the house and their constituents. memos of the house and their constituents. , i, , constituents. the previous prime minister shattered constituents. the previous prime minister shattered the constituents. the previous prime minister shattered the public s i minister shattered the public s trust and the government. the current prime minist