Markets remain positive following Hunt's tax cancellation

Jeremy Hunt, who took on the role last Friday (14 October), made an emergency statement today (17 October) detailing that he would be U-turning on almost every measure in the Mini Budget that has not yet been legislated for in parliament. This was a bigger backtrack than expected from the new chancellor, effectively undoing everything his predecessor Kwasi Kwarteng laid out less than a month ago. Chancellor Jeremy Hunt rips up Kwasi Kwarteng's Mini Budget In his opening statement, Hunt said: "A central responsibility of any government is to do what is necessary for economic stabili...