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
Long term decisions for a brighter future, or short term jockeying for advantage . Rishi sunak sets out his stall for the coming election. The northern leg of h52 is cancelled. The Prime Minister insists that every penny of the £36 billion intended for that rail link will be spent on other projects. There were a raft of other announcements too, sold like this. Politics doesnt work the way it should. Weve had 30 years of a political system which incentivises the easy decision, not the right one. 30 years of vested interests standing in the way of change. 30 years of rhetorical ambition, which achieves little more than a short term headline. Weve gathered politicians to weigh up whether the reformist pitch is credible for a party already in government. Could it even be an election winner . And speaking of 30 years ago. Things can only get better now ive found you. With so many Big Government schemes especially in education and health reliant on private finance deals, we reveal the soari
Westminster bubble. obviously this is an absolutely legitimate question that has been put forward today. the public wants to know why the prime minister sacked her chancellor after just 38 days, and particularly, given she was co architect of the plans, and economic plans, why she herself has not resigned. plans, and economic plans, why she herself has not resigned. tomorrow i think we are herself has not resigned. tomorrow i think we are having, herself has not resigned. tomorrow i think we are having, later herself has not resigned. tomorrow i think we are having, later in - herself has not resigned. tomorrow i think we are having, later in the - think we are having, later in the week we are having, prime minister s questions, and members have an opportunity every week to put questions to the prime minister. thank you, mr speaker to stop the pound has fallen off a cliff, interest rates soaring, inflation rocketing and pensions have been on the verge of collapse. we have a new
That really matters to the future of the country. the government future of the country. the government had - future of the country. the government had first - future of the country. the government had first put forward a plan to get its mps to vote to delay a decision on the enquiry, and then it dropped it, a suggestion it could not be sure of enough support from conservatives. tory mps were clearly too embarrassed to back the prime minister today, embarrassed to back the prime ministertoday, but embarrassed to back the prime minister today, but i m afraid they are too weak to sack him. and i think that is what we need we need the prime minister gone. some tory mps are standing by their leader. i think where we have reached todayis i think where we have reached today is a good place, it is positive that we know that the end is inside, but it also gives us the opportunity to move on and focus on again the priorities of country cares about. but others have become public critics. the