BUSINESS LIVE: Hunt rips up almost all mini-budget tax cuts and limits energy price guarantee to April as new Chancellor shreds Kwasi’s plans

By Live Commentary

Published: 07:47 BST, 17 October 2022 | Updated: 12:48 BST, 17 October 2022

Sterling is up and gilt yields have fallen sharply after the Chancellor’s emergency statement, with almost all of the mini-budget’s tax changes now scrapped. 

The FTSE 100 is up 0.8 per cent in midday trading. Among UK companies with reports and updates are Hargreaves Lansdown, Asos, Made.com, Audioboom and Naked Wines. Read the Monday 17 October Business Live blog below.

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