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Hello and welcome to Coffee House Shots, Spectators' Daily Politics podcast.

I'm Isabelle Harbin and I'm joined by James Forsyth and Fraser Nelson.

Well, is Liz Truss going to survive until the end of the weekend, the end of next week,

the end of this month? This morning, the new Chancellor Jeremy Hunt did a broadcast round

in which he said this.

There were mistakes. It was a mistake when we're going to be asking for difficult decisions

across the board on tax and spending to cut the rate of tax paid by the very wealthiest.

It was a mistake to fly blind and to do these forecasts without giving people the confidence

of the Office for Budget Responsibility saying that the sums add up.

And the Prime Minister has recognised that. That's why I'm here.

And what we need now is for me to show Parliament and the markets that we can make

our tax and spending plans add up. That's what I'm going to do.

And we will have some very difficult decisions ahead.

James, what do you think the impact of that was?

So Jeremy Hunt, tone on his morning broadcast round,

was very different from Liz Truss' press conference yesterday.

Liz Truss' press conference yesterday was essentially saying we've had to lose the Chancellor

and we've had to increase corporation tax, but the implication was that everything else stayed the same.

Jeremy Hunt was saying, no, no, no, taxes are going to go up and spending is going to be cut.

...