Liz Truss's new chancellor Jeremy Hunt reverses 'almost all' tax measures - BBC News

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New chancellor announces review of energy bills help from April 'It would not be responsible to continue exposing public finances to unlimited volatility in international gas prices,' Jeremy Hunt says

Image caption: Liz Truss is back in Downing Street for another big test of her premiershipThis is the second yanking forward of this statement - or at least parts of it. Originally it was in the diary for November. Then Halloween. Now today.

Yesterday the prime minister invited the chancellor and his family to lunch at Chequers. They met for three hours. There was, I’m told,"violent agreement".Image caption: Chancellor Jeremy Hunt leaving Chequers on Sunday What we seem to be getting now is shock and awe in reverse - the Big Bang of radical policy ideas blitzed in one go, promised by Liz Truss when she took office - going backwards. Fast.

My sentence not theirs, but that’s the thrust of it. So in details terms, the focus today is likely to be tax. And the focus in a fortnight will be spending.

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