Jeremy Hunt tells Commons there will be tax rises and spending cuts, as Liz Truss dodges urgent question
The new chancellor Jeremy Hunt has shredded Liz Truss’s economic plans in one of the most astonishing U-turns in modern political history, including slashing the energy price freeze which the prime minister had repeatedly championed.
Hunt dismantled almost all of the platform that Truss’s leadership victory had been built on, including the majority of her tax cuts, and hinted a fresh windfall tax was in his sights – a move the PM had previously said she would not countenance.
