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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
Prime-ministerHouseQuestionsKeir-starmerHouse-of-commonsStory48ArgumentArgumentsLinesOutliningAfternoonPrecisely why the prime minister has chosen him. mr speaker. in terms of the national interest, and also to offer further reassurance to the markets, can the leader of the house just confirmed that the prime minister will not be taking any decisions on economic policy in the future? policy in the future? laughter leader of the policy in the future? laughter leader of the house. leader of the house. i leader of the house. i have ~~ leader of the house. i have. i have. i have great affection for the honourable lady and i m sure the whole house appreciates her question but the prime minister and her chancellor and her cabinet will be taking these decisions in the future, and the decisions in the future, and the decision that she has taken over the weekend, although personally difficult for her, is the right one for the nation. thank you, mr speaker. the leader of the has mentioned a couple of times
Prime-ministerHouseSpeakerMarketsLeaderNational-interestTermsReassuranceDecisionsPolicyLaughter-leaderLeader-of-the-houseThis is bbc news. i m chris rogers. these are the latest headlines. pressure mounts for radical reform of working practices in westminster after mp neil parish resigns for watching porn in the commons. the government s business secretary says he s firmly against introducing a windfall tax on oil and gas companies. that he didn t rule out the government introducing such a policy in the future. warnings of further increases to food prices as inflation takes hold in the uk as the cost of living hits a 30 year high. 46 so arrive in donetsk after being able to leave residential buildings next to the besieged steel plant in
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