Jeremy Hunt is expected to unveil tax increases and spending cuts in his Autumn Statement today.
The statement outlining Rishi Sunak's Government's economic plans will come just eight weeks after former Chancellor Kwasi Kwarteng's now scrapped mini-budget, which promised to cut some taxes but led to the Pound collapsing against the Dollar and contributed to Liz Truss stepping down as Prime Minister.
Chancellor Mr Hunt is expected to say the "difficult" decision to raise taxes and increase austerity cuts are necessary to tackle rising mortgage rates, energy bills and grocery prices.
