MPs have been asked to vote for a new chair of the influential Treasury Committee following Mel Stride’s appointment to the Cabinet

The Prime Minister and the Chancellor have agreed that the fiscal event will now take place on 17 November

Jeremy Hunt will remain in post as Chancellor, with Grant Shapps at business

Rishi Sunak will become Britain’s next prime minister after his only rival, Penny Mordaunt, pulled out of the Tory leadership contest

Prime minister Liz Truss has resigned after 44 days in the job, with a leadership election to follow

HMRC will focus on digitalising more of the tax system and speed up rollout of personal tax accounts as part of efforts to reduce spending and improve efficiencies

Jeremy Hunt has scrapped nearly all tax cuts announced in last month’s mini Budget, which include removing the 1p cut to base rate income tax

The Prime Minister Liz Truss has u-turned on corporation tax, with plans to go ahead with the increase to 25% from April 2023, after sacking Chancellor 

Jeremy Hunt has been named as Chancellor, replacing Kwasi Kwarteng who has been sacked by the PM after five weeks in the job

James Bowler has replaced sacked Tom Scholar as permanent secretary to the Treasury

Following a raft of criticism over the absence of independent costings at the mini Budget, the Office for Budget Responsibility (OBR) forecast will be published four weeks earlier than planned

For every £1 given to households through headline cuts to taxes, £2 is being taken away in threshold freezes, warns the Institute for Fiscal Studies (IFS)