Chancellor Jeremy Hunt delivered his Autumn statement.
Speaking in the House of Commons, Mr Hunt introduced cuts to public spending as well as tax hikes to help patch up the massive hole in the country's finances. It comes after his predecessor, Kwasi Kwarteng, unveiled a £45 billion tax-cutting spree which threw markets into chaos and ultimately resulted in then-Prime Minister Liz Truss' career coming to an end.
Previously, Mr Hunt stressed that "sacrifices" would have to be made nationwide to get the economy back to a stable outlook. He confirmed today that Britain is facing a recession and that the target of the Budget was to bring stability and growth to the economy.
