Jeremy Hunt has announced the government will reverse almost all of the tax measures announced in the mini-budget that have not been legislated for so far.
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The new chancellor said the basic rate of income tax would remain at 20% 'indefinitely' until economic circumstances allow for it to be cut. Together with keeping the corporation tax rise and the 45p additional rate, the measures will raise £32bn a year. Here are the main points from his televised statement.
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