Reducing the basic rate: Labour had said they would support and Sunak said that it was his plan for 2024. Cancelling the increase in National Insurance: Well,

Reducing the basic rate: Labour had said they would support and Sunak said that it was his plan for 2024. Cancelling the increase in National Insurance: Well, Hunt has said this will remain cancelled. Cancelling the increase in corporation tax: Welcomed by economists and businesses. Increase is predicted to make recession worse. Reducing the additional rate: Definitely not the right time, but note that this rate has only existed for 10 years. So it is not that the policies are "widely regarded as utterly batshit". Individually they are not. But they were announced all at once without any hints of funding and that's what spooked the markets (more debts and fuel for inflation when the situation on both fronts is already bad).