We look at the reasons why Jeremy Hunt is taking action and the economic consequences
Jeremy Hunt has said he will scrap most of the unfunded tax cuts in the mini-budget, in the latest government U-turn designed to boost the financial markets’ confidence.
Days after replacing Kwasi Kwarteng as chancellor, Hunt said he would cancel all the remaining measures in the ill-fated tax and spending plan that had not yet been legislated for. Here are the reasons why he is taking action.
