A series of government U-turns has changed how it plans to tackle the cost of living crisis
Following the appointment of the new Chancellor, Jeremy Hunt delivered an economic statement earlier this week, reversing much of the Prime Minister's tax cuts.
Read more: LIVE: Liz Truss chairs Cabinet meeting as she clings to power following epic mini budget U-turn - latest updates Furthermore, a £600m freeze on alcohol duty was also left to the wind. In fact, only three major announcements from the mini-Budget will remain in place: However, this is a broad and vague statement and doesn't provide clear criteria for who will receive the energy bill freeze.A: Bond yields - which influence mortgage rates - dropped a bit over the weekend, easing the pressure on government borrowing.
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Liz Truss still in charge despite U-turns, says Jeremy Hunt'She's listened, she's changed, she's been willing to do that most difficult thing in politics which is to change tack.'
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March Against Inflation Turns Up Political Heat in FranceThousands of protesters, including France’s newly crowned Nobel literature laureate, piled into the streets of Paris on Sunday
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Politics latest: Jeremy Hunt set to announce more mini-budget U-turns todayPolitics Hub brings you the latest political news, insight and analysis from the Sky News team in Westminster. Jeremy Hunt is to announce more U-turns to the mini-budget that has caused economic turmoil in the markets and a political crisis for Liz Truss.
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Pound moves higher in Asia trade after U-turnsThe British currency gained 0.7% against the US dollar in Asia trading on Monday.
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What measures Jeremy Hunt could unveil today, from income tax to spending cutsWhat measures Jeremy Hunt is set to unveil today, from income tax to spending cuts ➡️ The Chancellor is expected to make more mini-Budget U-turns and announce public spending cuts 🔴 Explained by emsferg
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