Chancellor Jeremy Hunt scraps 'almost all' tax measures in Liz Truss's mini-budget

Contributing sentiments towards policy:

49% : But because these decisions are market sensitive, I've agreed with the speaker the need to give an early brief summary of the changes which are all designed to provide confidence and stability" Much comment has been made over the nature of the statement, and personal decision making by him rather than the Prime Minister - for example when announcing tax rates, " I've decided that the basic rate of income tax will remain at 20% and it will do so indefinitely until economic circumstances allow for it to be cut" In his statement the Chancellor announced a reversal of almost all of the tax measures set out in the Growth Plan that have not been legislated for in parliament.
47% : The government's reversal of the National Insurance increase and the Health and Social Care Levy, and the cuts to Stamp Duty Land Tax, "will remain benefitting millions of people and businesses.
43% : He also said that "almost all" of the tax cuts set out in the mini-Budget are being reversed, "...we will reverse almost all the tax measures announced in the growth plan three weeks ago that have not started parliamentary legislation" He also announced that the basic rate of income tax to remain at 20% until economic conditions allow for it to be cut, IR35 and dividend tax rate reforms no longer going ahead.
41% : The following tax policies will no longer be taken forward: This follows on from the previously announced decisions not to proceed with the Growth Plan proposals to remove the additional rate of income tax and to cancel the planned increase in the corporation tax rate.

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