Chancellor reverses 'almost all' tax cuts of mini-budget

Chancellor Jeremy Hunt has revealed he is scrapping "almost all" of the tax measures announced in his predecessor's mini-budget three weeks ago.

Mr Hunt also said the government's energy price guarantee will only be universal until April - not for two years as originally planned.

#skynews #politics #liztruss #jeremyhunt

[DianaSwan]

Why not a windfall tax on energy companies? makes no sense when they have asked for it? Cut the bankers' bonuses. why not?

[gerrytowie]

What amazes me is how someone can become an economic expert in 5 minutes, Hunt has experience in ruining the NHS, now he's an economic guru.

[denisdaly]

He should have announced a windfall tax on energy companies.

[DustyDad]

When a multimillionaire comes on TV to say we’re all going to have to struggle through in the short to medium term.

[chhelipilot]

It's a sad reality when the mainstream media actually supports more austerity.

[karonmcgregor]

Where's the windfall tax on the energy companies?? Just cos truss used to work for Shell, and got given £100k donation from them to her campaign, does not mean she can let them keep their astronomical profits. Or did they really buy her that cheaply?

[rickmorty]

‘This government will therefore take whatever tough decisions are necessary to do so’

I.e raise taxes for poor & middle class, cut funding for services like NHS, and widen the gap between the rich and poor.

[MichaelJones-whcy]

After 2 unsuccessful attempts Jeremy finally gets to run the country

[mcsporran]

More misery being heaped on ordinary people, rich staying rich while the low paid pick up the tab.

[theraven]

Firstly i will reverse everything we announced 3 week ago admitting they are USELESS!!!! How embarrassing.

[knottybogeye]

Hes an absolute disgrace, Tories created the financial crisis, then make out they good. Truss deceived her husband twice, she will have no problem deceiving the British people. Again.

[EV-Diary]

So truss has just done what Sunka said he would do? She has to go her flagship policy is up in smoke

[Justanotherandy]

Yay!! More austerity to pay for the giveaways to their mates and so the energy companies and supermarkets can continue to rip us off.

[MrLaking]

FFS were stuck in the twilight zone he said no government can't control markets it's dizzy Lizzy that's crashed the markets

[mrsbabycakes]

General election NOW this is getting bloody ridiculous. I have literally had enough of this government.

[NFJT]

I doubt him and truss are in “lockstep” on this one

[bigears]

I think I rate JH less than LT and that's saying something. The decision regarding off payroll reversal (IR35) is depressing. I have become to despise my own country, the Government and the political system.

[IcedEvolution]

Sad reality when Jeremy hunt comes across more of a leader than the prime minister herself

[dalecrocker]

The Tories will have to think again about allowing a democratic vote by party members to decide their leader.

[w.s.]

Well done Mr. Hunt, your Bank of England and IMF handlers are proud 👍