Chancellor Jeremy Hunt was spotted leaving ‘crisis talks’ with the prime minister just hours after insisting she is still ‘in charge’ of the government.
Liz Truss is said to still be in deep trouble despite the appointment of a new chancellor
It comes amid claims that Tories are still plotting to replace the Prime Minister after a disastrous six-weeks in Number 10. His appointment is in stark contrast to Ms Truss’ economic vision which was about cutting taxes to generate growth., the new chancellor insisted ‘the prime minister’s in charge’.‘Spending is not going to increase by as much as people hoped… taxes are not going to go down as quickly as people thought and some taxes are going to go up.
Mr Hunt is expected to follow Friday’s climbdown which will mean a rise in corporation tax by axing the mini-budget’s plan to cut the basic rate of income tax by 1p to 19p.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OlliOlli World's final expansion detailed ahead of November releaseOlliOlli World is poised to receive its second and final expansion on 2nd November - and developer Roll7 has offered a …
Read more »
Mount & Blade 2 finally gets Steam Workshop support ahead of full releaseIntegrating the Steam Workshop is just one of several features on TaleWorlds' pre-release roadmap.
Read more »
HMRC issues important warning ahead of October tax deadlineHMRC has issued a warning ahead of the 2021 to 2022 Self Assessment deadline.
Read more »
‘Very tough decisions’ on spending and tax ahead, warns new Chancellor Jeremy HuntThe new chancellor has admitted there were 'mistakes' with the Government's mini-budget, but argued the “fundamental strategy” behind Liz Truss' financial plans are correct
Read more »
Tom Zanetti's warning to opponent Jayden King ahead of Saturday night fightThe Leeds DJ and bar owner will fight Jayden King on Saturday evening
Read more »
Firmino in, Bernardo out: Liverpool and Manchester City combined XI ahead of Premier League clashAlisson ➡️ Ederson Walker ➡️ Trent Haaland ➡️ Nunez The combined XI for Liverpool Man City is frightening. This team would win the LOT 🔥
Read more »