Chancellor Jeremy Hunt announces tax cut U-turns

The transcript discusses the government's role in ensuring economic stability, highlighting the importance of public finance sustainability. It outlines changes to the mini budget, including reversing certain tax measures and maintaining the basic income tax rate. The energy price guarantee is confirmed until April next year, with a review planned for future support. The government emphasizes stability, confidence, and growth, while acknowledging the need for difficult decisions on tax and spending to protect the most vulnerable.

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