Energy price guarantee to be cut from Aprilon October 17, 2022 at 11:21 am

Two thirds of the £45bn worth of tax cuts promised in September’s mini-budget have now been overturned.

New chancellor Jeremy Hunt said “almost all” of the cuts announced would go, other than cuts to National Insurance and stamp duty that have already passed through parliament.

He said the government’s support on consumer energy bills would also be scaled back from April.

Further cuts to government spending are also due to be announced this month.