The finance guru summed up his views
Money expert Martin Lewis has shared his verdict on the Government's latest economic announcement. New Chancellor Jeremy Hunt confirmed he was ditching many of the measures in the mini-budget, including the planned cut to income tax, in an statement on October 17.
Prime Minster Liz Truss had previously set out plans to freeze energy bills at an average of £2,500 a year for two years. Mr Lewis said the previous plans, which shocked financial markets, had been 'hunted down' and were now 'gone'."Hunt says energy price guarantee to remain until April. After that treasury review on how to support energy prices. Plus all mini budget tax measures now not happening, so no cut in basic rate.
The finance guru summed up his view that the country's economic woes had started with Truss' energy bill policy. Mr Lewis added: "Its arguable the entire economic problems Liz Truss has, stems back to her energy bill policy. Let me explain, in 5 points. During the zombie government, due to leadership contest, even though it was blindingly obvious energy intervention was needed, no plans were made or promised.
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