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Podcast: Beyond Currency
Episode: 18 October 2022 - Hunt forms an economic council
Description: Jeremy Hunt, the new Chancellor of The Exchequer, announced a mini budget of his own yesterday in which he reversed many of the tax cuts announced by his predecessor.
It must be presumed that Kwasi Kwarteng’s plans were approved by the Prime Minister, which led MPs to ask: who is running the country?
The issue was worsened by the fact that Liz Truss was initially absent from the House of Commons yesterday, although she did appear just as Hunt rose to deliver his plans.
The £64 billion hole in the country’s finances has been reduced by Hunt's measures and the l...