Chancellor expected to announce tax rises and spending cuts in attempt to reverse effects of Truss mini-budget
Labour claims the UK is stuck in a “Conservative doom loop of emergency statements”. The phrase came from Pat McFadden, the shadow chief secretary to the Treasury, who used it in an interview with Sky News.
He said Jeremy Hunt should start his autumn statement by accepting that the mini-budget was a mistake. He said:
I think he should acknowledge their responsibility for what’s happened. I don’t think he should pretend the mini-budget was just a bad dream.
