UK’s Hunt: We will reverse almost all tax measures announced on 23 Sept

UK’s new Chancellor of the Exchequer Jeremy Hunt is making an emergency statement this Monday on the mini-budget, aimed to stabilize financial markets.

We will no longer be proceeding with cuts to dividend tax rates, reversal of off payroll working reforms

We will no longer be proceeding with new vat-free shopping scheme for non-uk visitors or the freeze on alcohol duty rates

Central responsibility for govt is to ensure economic stability

Every government can give certainty about sustainability of public finances

Government is making further changes to mini budget

Will give statement to parliament later today

We will reverse almost all tax measures announced in sept 23 growth plan

Not right to borrow to fund tax cuts

Basic rate of income tax will remain at 20 pct indefinitely

Measures announced today will raise around 32 bln pounds

Stamp duty changes, national insurance changes will go ahead

Energy price guarantee will not change until april

Would not be responsible to expose public finances to international volatility indefinitely

Reviewing how to support on energy prices after that

Support after april will be targeted

There will be more difficult decisions on tax and spend

Uk will always pay its way

Confident about uk's prospects