The new chancellor Jeremy Hunt has told Sky News there "were mistakes" in Liz Truss and Kwasi Kwarteng's mini-budget.
In a sign that the previous economic approach is being halted, Mr Hunt said there could be tax rises as part of his fiscal roadmap.
Meanwhile, Bank of England governor Andrew Bailey has said that interest rates may need to be raised higher than expected to tackle inflation.
Keep up with all the latest reaction and analysis in the Sky News Politics Hub: https://trib.al/ecixuwi
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In a sign that the previous economic approach is being halted, Mr Hunt said there could be tax rises as part of his fiscal roadmap.
Meanwhile, Bank of England governor Andrew Bailey has said that interest rates may need to be raised higher than expected to tackle inflation.
Keep up with all the latest reaction and analysis in the Sky News Politics Hub: https://trib.al/ecixuwi
#JeremyHunt #UKpolitics #SkyNews
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews
For more content go to http://news.sky.com and download our apps:
Apple: https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8
Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí https://www.youtube.com/channel/skynewsespanol
Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
- Category
- World
- Tags
- sky news, sky news live, mini budget
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