What's left of the mini-budget? Full list of policies scrapped as Jeremy Hunt tears up Liz Truss' plan

New UK Chancellor Jeremy Hunt took an ax to Kwasi Kwarteng's so-called mini-budget just weeks after it was announced.

In a statement on Monday morning, Mr Hunt said he would get rid of "virtually all" of the tax plans his predecessor had not yet abandoned following the backlash to the plans.

It comes after a series of tax cuts unveiled by Mr Kwarteng – whom Mr Hunt replaced on Friday – spooked markets and saw the pound crash to an all-time low .

Mr. Hunt confirmed he would abandon many of these measures, saying the "most important goal" for the UK right now was "stability".

But what remains of one of the most poorly received government financial plans in recent memory? We look at the list below.

What was dropped?Removal of the highest tax rate for the highest earners

The first step to take was a tax cut for the highest earners in the company, after a U-turn by Mr. Kwarteng.

The government announced last month that it would abolish the 45p rate for those earning more than £150,000 a year.

But the policy was dropped within two weeks, with Mr Kwarteng saying it was a 'huge distraction' from an 'otherwise robust package of measures'.

Jeremy Hunt has canceled much of the tax plans that were proposed in September

(BBC News)

Abolition of the planned increase in corporation tax

Mr. Kwarteng had also promised to get rid of a planned corporate tax hike in its mini-budget.

But Ms Truss announced that this increase would continue in a U-turn on Friday shortly after the Chancellor was sacked.

This cut means that corporation tax will drop from 19% to 25% next year.

Basic income tax rate cut

The government had planned to cut the basic income tax rate from 20% to 19% in April.

Mr. Hunt said that cut would no longer take place on Monday - and the base rate would remain at 20% "indefinitely".

"It's a deeply held conservative value — a value I share — that people should keep more of the money they earn," he said.

"But at a time when markets are rightly demanding commitments to sustainable public finances, it is not right to borrow to fund this tax cut."

The move was expected to cost the Exchequer almost £5.3 billion in 2023-24.

Kwasi Kwarteng was sacked by Liz Truss just weeks after the "mini" budget

Help with energy bills

Mr. Hunt said the "biggest single expense" in the mini-budget was the power price guarantee, which was due to price caps for two years.

He said the