Labor leader Sir Keir Starmer has hit out at what he called the “grotesque chaos” of chancellor Kwasi Kwarteng’s sacking, as he accused Liz Truss of putting “party first and country second.”
It comes as the turmoil continued within the Conservative party this morning, as new chancellor Jeremy Hunt rowed back on Liz Truss’s promises on tax cuts and public spending.
Mr Hunt told Sky News there were “mistakes” in the mini-budget and warned of tough times ahead.
Hunt warns of ‘difficult decisions’; follow politics latest
“We won’t have the speed of tax cuts we were hoping for, and some taxes will go up,” he said.
He also said that all government departments would have to “find more efficiencies than they were planning to find”.
Mr Hunt was appointed chancellor on Fridayan hour after his predecessor Kwasi Kwarteng was sacked after just 38 days in the job.