Chancellor Jeremy Hunt to make emergency statement in bid to stabilise the market

Newly appointed chancellor Jeremy Hunt will make an emergency statement in a bid to stabilise the market after weeks of turmoil brought on by Liz Truss and Kwasi Kwarteng's mini-Budget announcement.

On Monday (17 October) the Treasury confirmed Mr Hunt will issue a statement to "bring forward measures from the Medium-Term Fiscal Plan that will support fiscal sustainability."

In addition, the chancellor will then address the House of Commons later that afternoon with a follow-up message.

The statement was brought forward from the planned date of 31 October, after repeated U-turns on economic policy in Liz Truss’s first few weeks.

About The Independent:
Making Change Happen. The Independent is the world’s most free-thinking newsbrand, providing global news, commentary and analysis for the independently-minded.

Connect with The Independent:

[danho]

It’s immoral to promise the lowest earners a 1% tax cut and then take it away from them.

[Greenpoloboy]

I'd not trust him to tell me what day it is. Ghastly man

[seanpittaway]

Take from the poor give to his scummy rich friends, think I've pretty much covered everything

[icarus_ap]

everyone keep misspelling his last name it being with a C and not a H

[echobay]

Energy support package only till April. Time to implement windfall tax on energy companies or better still call a GE

[howellevans]

i hope he comes up with something crazy like a price freeze on food in one week my baked beans have gone fro 40p to 59p my washing up liquid from 70p to 85p my cheese from £1 to £1-25 hope for a pension increase of 120%

[darrenmclaughlin]

Will he stop lotus cars for tax evasion and cyber fraud or we he help them get away the crime like he does to all Chinese family’s in the uk who put him there haven’t a clue how to run a country

[gunlokman]

One BIG question that's never recognised or discussed is how on earth did the 'system' allow this mess to happen in the first place? Countries like the USA, Russia, Germany, North Korea and the UK keep 'allowing' the very worst people to become 'leaders'. Even most of the idiots that run this crazy system suffer as well. We can vote for who we like - it doesn't seem to make any difference!

[treescape]

NEED ENERGY PRICE CAP AFTER APRIL OR ALL YOU TORYS ARE OUT OF A JOB. NO ONE WILL VOTE IF THERE SUFFERING AND DESPERATE.

[kindnessark]

There’s gonna be a lot of homeless people in the UK 🇬🇧! I’m tempted to pack up and go to the USA 🇺🇸 to live with relatives. Expense is not as bad in the USA compared to here in the UK

[englishtothebone]

Another reason to get this Conservative government out VOTE REFORM

[leebolton]

Sorry to say but the UK is sinking quicker than the Titanic..I am truly worried about my country ..What with king Charles Truss and Hunt god help us all

[ianmuir]

Probably the most despised politician in the government

[Alterego]

Plenty of money to send to Ukraine but not enough money to sort out the UK economy.

[dboyyarris]

Put this lot on minimum wage 0 hour contracts, we all need to chip in and help the effups I mean economics.

[victorcalvo]

I am wondering where those 45 billion come from?

[Stuboy]

When is the #GeneralElection #Conservatives #NoMandate No Trust

[stickykitty]

Because.... It's ALL
Part of the Plan!! 🃏

[listener-md]

Don't you just love these people they spend as much as necessary when their lives are threatened by the Pandemic. But when their.own personal wealth is threatened then is the time to draw in the reins. Well the Pandemic isn't .over yet so making life more difficult for the worse .off won't help the situation.or theirs.

[pauleverest]

We have got to hope now that truss doesn't resign prematurely and force the same 3 months of turmoil that has just been inflicted on the public. And that the party has their replacement ready before the weekend.