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The Latest Breaking News from Jeremy Hunt

ASX and Wall Street rally after UK backflip on tax cuts, RBA to keep increasing rates

The ASX has jumped and US stocks rallied overnight after the UK Government ditched major parts of its economic plan that caused turmoil in financial markets, and the Bank of America posted stronger earnings. The Reserve Bank says it will keep raising interest rates.

ABC News

People in Wales are utterly dismayed by Liz Truss' 'shambolic' performance as Prime Minister

"They couldn't run a booze up in a brewery!"

Wales Online

Liz Truss holds crunch No10 meeting with Cabinet as she faces calls to resign from five Tory MPs

Mss Truss swerved a House of Commons grilling on her decision to sack Kwasi Kwarteng

Evening Standard

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How will you be affected by the government’s tax and NI changes?

We examine the relative fortunes of some sample households under Kwasi Kwarteng’s mini-budget and Jeremy Hunt’s revised plans

The Guardian - UK

‘Hunt’s running the show’: the day power drained away from Liz Truss

Truss’s decline from shiny new prime minister to leader in name only continues, the last 24 hours underlining just how weak she is

The Guardian - UK

‘A case of when, not if’ Tories oust Truss amid plotting

British Prime Minister Liz Truss is trying to rescue her premiership after the tax cut debacle caused a fiscal crisis and gave Labour a gargantuan polling lead over her Conservatives. But after that calamitous start, analysts doubt the Tory Party will keep Truss in power for long, even if it…

France 24

Liz Truss mounts fightback as she 'finally says sorry' to furious Tory MPs

The Prime Minister's new Chancellor Jeremy Hunt also said he believed Ms Truss will still be in No10 at Christmas as he urged Conservative backbenchers to 'give her a chance'

Daily Mirror

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Martin Lewis calls for immediate increase in benefits after Jeremy Hunt rips up mini-Budget

Personal finance guru calls on government to hike benefits in line with latest inflation figures

The Independent UK

Jeremy Hunt shreds Truss’s economic plans in astounding U-turn on tax

New chancellor tells Commons there will be tax rises and spending cuts, as PM dodges urgent question

The Guardian - UK

Truss commits to pensions triple lock despite Hunt signalling it could be scrapped

Prime minister stands by big rises to pensions despite Chancellor’s misgivings

Evening Standard

Brewers and distillers face ‘huge blow’ as alcohol duty freeze scrapped

New Chancellor Jeremy Hunt confirmed on Monday that the Government will reverse a raft of tax cuts announced last month

Evening Standard

Up was down, night was day. And was the prime minister OK?

Librium Liz appeared for a brief, silent cameo in the Commons as her captors, Jeremy Hunt and Penny Mordaunt, held court

The Guardian - UK

Tories would be wiped out if election held tomorrow, veteran MP warns

'We'd be a smaller party than the Scottish National Party'

Wales Online

The dismantling of Trussonomics: PM’s last redoubt bites the dust

Liz Truss’s one remaining ‘growth-fuelled’ policy, the energy price guarantee, failed to survive Jeremy Hunt’s brutal cull

The Guardian - UK

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The Guardian - UK

Who are the economic experts appointed to Jeremy Hunt’s new advisory panel?

Four advisers, including George Osborne’s ex-chief of staff, named, with chancellor seeking to repair damage from mini-budget

Wales Online

The one hugely unpopular mini-budget measure that will still go ahead

It is one of the few of Liz Truss and Kwasi Kwarteng's flagship spending policies that remains

The Independent UK

Labour’s Reeves warns the ‘damage has been done’ despite ‘humiliating U-turns’

Shadow chancellor Rachel Reeves said Prime Minister Liz Truss has ‘no authority, no credibility, no plan for growth’.

The Independent UK

Jeremy Hunt signals state pensions triple lock could be scrapped

The Chancellor warned the Government would not shy away from taking ‘difficult decisions’.

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The Independent UK

Liz Truss U-turn will send taxes to highest levels since 1950s

But economists warn more pain yet to come with spending cuts

Daily Mirror

Jeremy Hunt hints pensions triple lock under threat as he tears up Liz Truss's plans

Chancellor Jeremy Hunt refused to commit that the state pension would rise in line with inflation in April as planned during a grilling by MPs over the Government dramatic economic U-turn

The Guardian - UK

Before he slashes services even further, Hunt should look at the state of the UK

The last thing the country needs is another dose of austerity, says Guardian columnist Polly Toynbee

The Guardian - UK

Housing market expected to benefit as Hunt rips up mini-budget

Savills says move is ‘best feasible outcome’, but some experts say risk remains of ‘significant’ house price falls

The Guardian - UK

With the energy price climbdown, Liz Truss has probably sealed her own fate

It’s unclear why the PM would stay in office now; Hunt has become the face of change and Mordaunt made smart moves in her place

The Independent UK

Hunt: Scottish independence case based on extremist, crank think-tank economics

The Chancellor was responding to a question by the SNP’s Stewart Hosie.

Wales Online

Wales is facing a 'new era of austerity' signalled by Chancellor's announcements, Welsh Government warns

The new Chancellor has hinted that cuts to public finances will be included in his budgetary plans

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