New Chancellor Jeremy Hunt gives a statement to MPs in the House of Commons on his emergency statement, which seeks to restore stability following weeks of turmoil on the financial markets.Shadow chancellor Rachel Reeves warned the "damage has been done" despite the "humiliating U-turns".She said there is "lasting damage which these policy U-turns won't change", adding: "They've set fire to everything. Now they insist it is all fine. The truth is an arsonist is still an arsonist, even if he runs

New Chancellor Jeremy Hunt gives a statement to MPs in the House of Commons on his emergency statement, which seeks to restore stability following weeks of turmoil on the financial markets.Shadow chancellor Rachel Reeves warned the "damage has been done" despite the "humiliating U-turns".She said there is "lasting damage which these policy U-turns won't change", adding: "They've set fire to everything. Now they insist it is all fine. The truth is an arsonist is still an arsonist, even if he runs back into the burning building with a bucket of water."