News
Jeremy Hunt sets new direction for government as Truss’s credibility trashed by u-turn
ON MONDAY, Jeremy Hunt unpicked virtually every element of Kwasi Kwarteng’s mini-budget to calm financial markets and restore order to chaos.
The new Chancellor’s statement was a sobering reminder that although Prime Ministers serve with their colleagues’ consent, governments cannot survive without market confidence.
Mr Hunt said every Government’s core responsibility was to deliver economic stability.
“No government can control the markets. But every Government can give certainty about the sustainability of the public finances.”
His words were a damning implied indictment of the PM’s economic policy.
FULL REVERSE GEAR
The Chancellor’s words had an immediate effect on markets: the pound strengthened, and UK government bond yields fell to reduce the cost of government borrowing.
The statement might reduce the amount of a projected mortgage interest rise in November.
But make no mistake: the statement is a humiliation for the PM.
Every policy she’s trailed, trumpeted, and brought in has been chucked on the bin fire of her Government’s reputation.
Liz Truss sacked Mr Kwarteng because she did as she said and pursued a policy she endorsed enthusiastically.
The PM’s campaign slogan was “Trusted to Deliver”.
Her detractors pointed out that Liz Truss was pushed by the political winds and could not set her own course.
She’s tried setting her course and crashed the economy into an iceberg.
Moreover, her Cabinet colleagues must wonder whether they can trust the PM to stand behind them when they pursue a government policy she supports.
This is a government living hour-to-hour, in office but not in power, and with its key policies made by financial markets instead of ministers.

GOVERNMENT AIMS TO “REGAIN TRUST”
The Chancellor’s statement pulled no punches about the size of Ms Truss’s and Mr Kwarteng’s miscalculation and overconfidence.
Mr Hunt said: “The government is prepared to act decisively and at scale to regain the country’s confidence and trust.”
The painful use of the word “regain” underlines what the Government lost after September 23.
The Chancellor stated there would be “more difficult decisions” on tax and spending.
Mr Hunt is focused on lowering debt in the medium term and putting public finances on “a sustainable footing”.
Using the word “sustainable” implies the previous plan was unsustainable.
In light of this, government departments will be asked to find efficiencies within their budgets. The Chancellor is expected to announce further changes to its fiscal policy on October 31 to put the public finances on a sustainable footing.

TAX CUTS SCRAPPED
The Chancellor announced a reversal of almost all of the tax measures set out in the Growth Plan that have not been legislated for in parliament.
The following tax policies will no longer be taken forward:
Cutting the basic rate of income tax to 19% from April 2023. While the Government aims to proceed with the cut in due course, this will only happen “when economic conditions allow for it, and a change is affordable”. The basic rate of income tax will therefore remain at 20% indefinitely. This is worth around £6 billion a year.
Cutting dividends tax by 1.25 percentage points from April 2023. The 1.25 percentage points increase, which took effect in April 2022, will remain in place. This is valued at around £1 billion a year.
Repealing the 2017 and 2021 reforms to the off-payroll working rules (also known as IR35) from April 2023. This will cut the Government’s growth plan’s cost by around £2 billion a year.
Introducing a new VAT-free shopping scheme for non-UK visitors to Great Britain. Not proceeding with this scheme is worth around £2 billion a year.
Freezing alcohol duty rates from February 1 2023, for a year. Not proceeding with the freeze is worth approximately £600 million a year.
This follows from the previously announced decisions not to proceed with the Growth Plan proposals to remove the additional income tax rate and to cancel the planned increase in the corporation tax rate.
The changes are estimated to be worth around £32 billion a year.
That still leaves the Government with a lot to find to plug the hole in its finances, which indicates more pain will follow in public spending.
The Government’s reversal of the National Insurance increase, the Health and Social Care Levy, and the Stamp Duty Land Tax cuts will continue to benefit millions of people and businesses.
The £1 million Annual Investment Allowance, the Seed Enterprise Investment Scheme and the Company Share Options Plan will continue supporting business investment further.
ENERGY BILL SUPPORT TO CHANGE
In September, the Government announced massive financial support to protect households and businesses from high energy prices.
The Energy Price Guarantee and the Energy Bill Relief Scheme support millions of households and businesses with rising energy costs.
The Chancellor made clear they will continue to do so from now until April next year.
However, looking beyond April, the Prime Minister and the Chancellor have agreed that it would be irresponsible for the Government to continue exposing the public finances to unlimited volatility in international gas prices.
A Treasury-led review will therefore be launched to consider how to support households and businesses with energy bills after April 2023. The review’s objective is to design a new approach that will cost the taxpayer significantly less than planned whilst ensuring enough support for those in need.
The Chancellor also said in his statement that any support for businesses will be targeted to those most affected and that the new approach will better incentivise energy efficiency.
“CHAOS AT THE HEART OF GOVERNMENT”
Rebecca Evans, Wales’s Finance Minister, responded: “The complete unravelling of the mini-budget shows the chaos at the heart of the UK Government.
“In six short weeks, the UK Government’s reckless and flawed economic policy has caused mayhem in the financial markets, pushed up mortgage costs and stretched household budgets even further.
“Now the UK Government is rolling back on its energy price support scheme for households, which will only add to the uncertainty people face as they worry about paying their bills.
“The new Chancellor has signalled a new era of austerity to start to fill the hole in public finances.
“We will all pay for the Government’s mistakes. But this is a crisis made in Downing Street and one it needs to address.
“The Chancellor needs to use his next financial statement to provide reassurance we will not see the deep spending cuts that will affect jobs, services and our economy – and to provide support to vulnerable households who have been ignored today.”
Community
Kurtz welcomes £4.3m National Lottery boost for local communities
SAMUEL Kurtz MS has welcomed more than £4.3 million in National Lottery funding awarded to community projects across Carmarthen West and South Pembrokeshire since 2021.
Figures released by The National Lottery Community Fund show that £4,318,484 has been distributed through 122 grants in the constituency since the 2021/22 financial year, the same year Mr Kurtz was elected.
The funding has supported a wide range of grassroots charities, voluntary organisations and community groups through programmes including National Lottery Awards for All, offering grants of up to £20,000, and People and Places, which provides larger awards of up to £500,000.
Projects backed locally include mental health support for young people, environmental and sustainability initiatives, community workshops, outdoor wellbeing activities, support for vulnerable adults, and programmes aimed at building skills and confidence.
Among the organisations to benefit is Pembrokeshire Coast National Park Authority, which received £343,584 for its Routes to Discovery project, helping improve mental and physical wellbeing through accessible outdoor activities.
St Davids Diocesan Council for Social Responsibility was awarded £398,078 to deliver its Plant Dewi: Strengthening our Communities initiative, supporting families and local groups.
Other recipients include The VC Gallery, Redberth Croft CIC, The Tenby Project CIC and Neptune’s Army of Rubbish Cleaners, with funding supporting projects ranging from food initiatives and nature-based wellbeing to volunteering and environmental action.
Mr Kurtz said: “Community groups and charities across Carmarthen West and South Pembrokeshire do incredible work supporting people and strengthening local communities.
“It is fantastic to see more than £4.3 million of National Lottery funding invested in projects that are improving wellbeing, tackling isolation and creating opportunities for people of all ages during my time in office.
“The voluntary sector plays a vital role in our area, and this funding is helping organisations deliver projects that bring people together and make a real difference to people’s lives.”
The National Lottery Community Fund is the largest funder of community activity in Wales, supporting initiatives that bring communities together, promote environmental sustainability, help children and young people thrive, and improve health and wellbeing.
Organisations across Wales can apply for funding through the Awards for All and People and Places programmes to support projects that matter most to their communities.
Further information is available on The National Lottery Community Fund website.
Cymraeg
National Eisteddfod unveils legacy framework to boost Welsh language and communities
A NEW national framework aimed at securing a lasting legacy from the National Eisteddfod has been published jointly by the festival’s organisers and the Welsh Government.
The plan sets out how the Eisteddfod’s impact will be strengthened before, during and after each annual event, bringing together partners from across education, community development, culture, the economy and the Welsh language sector.
While each Eisteddfod reflects the identity of its host community, the framework aims to ensure long-term benefits are consistently delivered nationwide, rather than limited to the festival period.
The legacy programme will cover a wide range of areas including education, inclusion, digital innovation, volunteering and economic development, with new national and local structures designed to coordinate delivery more effectively.
A national project board will oversee the strategy, setting direction and sharing best practice year-on-year. At a local level, a steering group will drive community-based work, helping turn the Eisteddfod into a catalyst for lasting change.
Cabinet Secretary for Finance and the Welsh Language, Mark Drakeford said the festival’s impact goes far beyond a single week.
“The Eisteddfod is far more than a week-long festival. It is a multi-year project that leaves a lasting legacy for the Welsh language and culture in the area,” he said.
“By bringing together partners from across key sectors, this framework will help deliver real and lasting change for our communities and support our ambition of reaching a million Welsh speakers by 2050.”
Nic Parry, President of the Eisteddfod Court and Chair of its Management Board, said the framework strengthens collaboration at both local and national level.
“It allows us to deliver on a long-held ambition to drive language planning through the lens of the National Eisteddfod,” he said.
“It also positions the Eisteddfod as a powerful tool for boosting local economies and supporting sustainable communities for future generations.”
Further details are expected later this year, with membership of the national project board due to be confirmed by mid-June.
A dedicated session at this year’s Eisteddfod will also gather evidence from the 2026 host area to help shape future plans for 2027 and 2028.
More information is available via the Eisteddfod’s legacy framework online.
Community
Former Neyland police officer Louis Knight dies aged 83
Tributes pour in for former Neyland officer remembered as a “true gentleman” and “local legend”
A FORMER Neyland police officer remembered as a “true gentleman” and “local legend” has died at the age of 83, prompting an outpouring of tributes from across Pembrokeshire.
Louis Knight, of Neyland Hill, Neyland, passed away peacefully at Withybush Hospital, Haverfordwest on Thursday (Mar 5).
Mr Knight, who served as a police officer in the area for many years, was a familiar and respected figure in Neyland and beyond. In the hours following the announcement of his death, hundreds of messages flooded social media, painting a picture of a man whose impact stretched far beyond his time in uniform.
Many described him simply as “one of the best,” while others called him “a proper local legend” and “a tremendous police officer.”
One resident wrote: “A face and name I will never forget from my youth.”
Another said: “He was a tremendous police officer… a kick up the backside and a word was enough. It stayed with you.”
Others remembered his warmth and humour away from policing.
“He always had a story to tell on the way home in the taxi,” one tribute read, while another added: “Every time you asked him how he was, the answer was always ‘bloody marvellous.’”
Many spoke of his kindness and the time he gave to people.
“Louis was one of the most kindest gentlemen around. Always made time to chat,” one message said.
Another added: “Neyland won’t be the same again.”
While some reflected fondly on a different era of policing, what came through most strongly was the respect Mr Knight earned within his community — something repeatedly highlighted in tributes from those who knew him as children, neighbours, and later as adults.
Mr Knight was the beloved husband of the late Angela, devoted father of Andrew and Alison, and adored father-in-law of Frank. He was also a loving grandfather to Michelle and Laura, and a cherished brother of Jennifer, Charles and Richard.
His family said he was loved dearly and will be greatly missed by all who knew him.
The funeral service will take place on Wednesday (Apr 1) at 11:30am at Parc Gwyn Crematorium, Narberth.
Family flowers only. Donations in memory of Louis, if desired, are for Ward 8 at Withybush Hospital and may be sent directly to the ward at SA61 2PZ.
All enquiries to Tom Newing & Sons Ltd, Funeral Directors, Dartmouth Street, Milford Haven (01646 693180).
Photo caption:
PC Louis Knight pictured during a Royal Visit, engaging with local children — a familiar sight in Neyland for many years (Pic: Supplied).
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