Chancellor warns of public spending cuts as he tears up PM’s economic agenda and promises to reassure markets
Jeremy Hunt has insisted that Liz Truss is in charge despite her premiership looking increasingly in peril, as he warned of further public spending cuts and failed to rule out more U-turns on her disastrous mini-budget.
Hunt claimed that the prime minister had changed, as he defended her credibility as leader. Asked why people should trust what she or the government said, he replied: “Because she’s listened. She’s changed. She’s been willing to do that most difficult thing in politics, which is to change tack. What we’re going to do is to show not just what we want, but how we’re going to get there.”
Hunt and Truss met in her Chequers residence on Sunday with tax rises and spending cuts on the horizon, and the new chancellor admitting that “difficult decisions” are coming over the next two weeks, before the new budget on 31 October. “I’m not taking anything off the table,” he admitted. “I want to keep as many of those tax cuts as I possibly can because our long-term health depends on being a low-tax economy. And I very strongly believe that.”
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