UK's Truss Makes Another Tax U-Turn, Defends Kwarteng Ouster

The transcript discusses the government's fiscal discipline, including maintaining the planned increase in corporation tax to raise £18 billion annually. This is part of a medium-term fiscal plan aimed at reducing debt as a share of the economy. The government intends to control state size and improve public sector efficiency. A new chancellor, Jeremy Hunt, has been appointed to deliver the fiscal plan, sharing the vision for economic growth.

Who was asked to become the new chancellor?

What will the new chancellor deliver at the end of the month?