Can Jeremy Hunt’s mini-budget reversal save Truss?

Markets respond favourably but some pundits say newly announced U-turn may make PM’s position even worse

Jeremy Hunt
Chancellor Jeremy Hunt has outlined the government’s medium-term fiscal plan two weeks ahead of schedule
(Image credit: (Chris J Ratcliffe/Getty Images))

Jeremy Hunt has announced the reversal of “almost all” of the tax measures proposed in the growth plan put forward by Liz Truss and his predecessor Kwasi Kwarteng only three weeks ago.

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  Chas Newkey-Burden has been part of The Week Digital team for more than a decade and a journalist for 25 years, starting out on the irreverent football weekly 90 Minutes, before moving to lifestyle magazines Loaded and Attitude. He was a columnist for The Big Issue and landed a world exclusive with David Beckham that became the weekly magazine’s bestselling issue. He now writes regularly for The Guardian, The Telegraph, The Independent, Metro, FourFourTwo and the i new site. He is also the author of a number of non-fiction books.