Britain's new finance minister Jeremy Hunt said on Saturday some taxes would go up and tough spending decisions were needed, signaling further reversals from Prime Minister Liz Truss as she battles to keep her job just over a month into her term.

In an attempt to appease financial markets that have been in turmoil for three weeks, Truss fired Kwasi Kwarteng as her chancellor of the exchequer on Friday and scrapped parts of their controversial economic package.

On his first full day as chancellor, Jeremy Hunt has done a series of interviews in which he made several points, he:

Refused to commit to increasing benefits in line with inflation, but claimed he is “very sensitive” to the needs of the poorest.
Claimed Liz Truss has “listened” to people about the crisis caused by the mini-budget. She will be judged at the next election for what she does over the next 18 months.
Said all government departments, including health and defence, will face spending cuts. There were “difficult decisions” to come.
Pledged that money that would have been received from the health and social care levy will be protected.
Said some taxes will rise, and others will not come down “as much as people hoped”.
Claimed the Conservatives are united “around the most important issues”, including growth and Brexit.
Said he will meet with Treasury officials later today and with Truss tomorrow.
Stated it was a “mistake” to cut taxes for the wealthiest and to “fly blind” without the confidence of the Office of Budget Responsibility.
Declined to give any specific commitments about his fiscal statement on 31 October.