First public statement from the new Chancellor, Jeremy Hunt MP

The video discusses the decision to maintain the basic income tax rate at 20% due to economic conditions, despite initial plans to reduce it to 19%. It highlights the importance of sustainable public finances and the decision not to cut corporation tax, which, along with restoring the top income tax rate, will generate significant revenue. The energy price guarantee is confirmed to remain unchanged until April next year, with a review planned to develop a more cost-effective approach for future support, focusing on those most in need and promoting energy efficiency.

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