After initially defending the mini-budget, Truss instructed Kwarteng to reverse the abolition of the 45% income tax additional rate on 3 October. She later reversed the cut in corporation tax and sacked Kwarteng, replacing him with Jeremy Hunt on 14 October. Hunt reversed the remaining policies announced in the mini-budget, with the exception of the cuts to national insurance contributions and the raising of the stamp duty threshold. Hunt also reduced the Energy Price Guarantee from two years to six months.
