Trussonomics is dead

Chancellor Jeremy Hunt gave a statement this morning in which he outlined plans to scrap 'almost all' the tax measures announced by his predecessor, Kwasi Kwarteng just four weeks ago. In one of the largest U-turns in history, the markets have become the most important force in British politics.

James Forsyth, Katy Balls, Kate Andrews and Fraser Nelson discuss what may happen over the next few weeks.

Produced by Max Jeffery and Natasha Feroze.