Independent TV
Showing now | News
00:56
Chancellor Jeremy Hunt to make emergency statement in bid to stabilise the market
Newly appointed chancellorJeremy Hunt will make an emergency statement in a bid to stabilise the market after weeks of turmoil brought on by Kwasi Kwarteng's mini-Budget announcement.
On Monday (17 October) the Treasury confirmed Mr Hunt will issue a statement to "bring forward measures from the Medium-Term Fiscal Plan that will support fiscal sustainability."
In addition, the chancellor will then address the House of Commons later that afternoon with a follow-up message.
The announcement was brought forward from the planned date of 31 October, after repeated U-turns on economic policy in Liz Truss’s first few weeks.
Sign up for our newsletters.
