Minister says Liz Truss ‘enjoying’ new policy direction and welfare cuts are needed – as it happened

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The UK devolved governments have called for an urgent meeting with Kwasi Kwarteng and urged him to reverse the damage" caused by his tax-cutting mini-budget.

The joint letter from the finance ministers of Wales, Scotland and Northern Ireland, warns that the chancellor has taken a huge gamble" on the health of the economy.

We're calling for this at a time of economic and political crises. We've seen economic chaos caused by a mini-budget that has been making our society more unequal.

This is about trying to make our society more equal.

We've got the leakiest homes in Europe - losing huge amounts of energy through badly sealed windows and poorly lined walls.

We could be saving hundreds, thousands of pounds through insulation - reducing energy wastage, cutting bills and emissions. It really isn't rocket science. The cheapest bill is the one you don't have to pay.