The new chancellor Jeremy Hunt has said there 'were mistakes' in Liz Truss and Kwasi Kwarteng's mini-budget.
The new chancellor Jeremy Hunt has said there"were mistakes" in Liz Truss and Kwasi Kwarteng's mini-budget.
Speaking to Sky News on Saturday, Mr Hunt said:"It was a mistake when we were going to be asking for difficult decisions across the board on tax and spending to cut the rate of tax paid by the very wealthiest." He added that it was an error to"fly blind" by not accompanying the budget with a forecast by the Office for Budget Responsibility. He also said"some taxes will go up".
, an hour after his predecessor Kwasi Kwarteng was sacked after just 38 days following a disastrous mini-budget announcement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: