Jeremy Hunt: We will reverse almost all mini-budget tax cuts

The authorities volition reverse astir each the taxation cuts it announced past month, Chancellor Jeremy Hunt has said.

But Mr Hunt said the cuts to stamp work paid connected location purchases and the scrapping of the National Insurance emergence would continue.

He besides announced that beyond April enactment for household and concern vigor bills would beryllium reviewed.

Mr Hunt said economical maturation required "confidence and stability", adding the UK "will ever wage its way."

Among the measures to beryllium reversed are plans to chopped the basal complaint of income taxation from 20p to 19p from April.

Mr Hunt said the complaint would stay astatine 20p "indefinitely until economical circumstances let for it to beryllium cut".