Liz Truss said on Wednesday she would “absolutely” not cut public spending when Sir Keir Starmer is grilled, but amid market turmoil Mr Hunt confirmed there would be “difficult decisions” and “efficiency” measures to tackle every department – including defense. More fundamentally, Ms Truss was elected by members of her own party on a low-tax agenda and vowed to govern as a conservative. However, corporation tax will now rise next April, despite her countless attacks on Rishi Sunak over the planned increase and her pledge not to raise it. Despite reports last night Mr Hunt was told to rule out further reversals, he was unable to do so. Britain is waking up this morning to a very, very different economic direction than many would have hoped and expected. It is a huge political and economic gamble.