Prime Minister Liz Truss has finally said sorry 'for some of the mistakes made over the past few weeks', in a meeting with Conservative MPs on Monday evening.
The flagship energy price help that Ms Truss has tried to promote as a key win during her time as Prime Minister will end in April and be replaced with more targeted help, Mr Hunt said in a statement on Monday morning.Plans to cut the basic rate of income tax to 19% from 20% have also been shelved, saving just over £5bn, and an idea to scrap VAT for international tourists at certain stores will also not go ahead.
However, stamp duty will still be cut as planned and the 1.25% rise in National Insurance contributions will be cancelled. Mr Hunt also said "we will no longer be proceeding with the cuts to dividend tax rates, the reversal of off-payroll working reforms introduced in 2017 and 2021... or the freeze on alcohol duty rates".The Prime Minister was heavily criticised later this afternoon after leaving the chamber just half an hour after arriving.She first appeared towards the end of Penny Mordant answering questions from MPs on her behalf.
The Leader of the House of Commons was forced to deny that the PM was ‘hiding under the desk’, insisting that she had a very genuine reason for not showing up at the start. Mr Hunt replaced former chancellor Kwasi Kwarteng on Friday, after the MP for Spelthorne was sacked that afternoon.
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