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Daily Mirror
Daily Mirror
Politics
Lizzy Buchan

Jeremy Hunt plots tax hike for savers and businesses as Brits face longest ever recession

Jeremy Hunt Liz Truss Recession No10 ​​Rishi Sunak Bank of England Economy Resolution Foundation

Brits face the prospect of fresh tax hikes as the Chancellor scrambles to plug a £50 billion black hole in the public finances.

Jeremy Hunt is considering rises to tax on dividends and capital gains tax - levied on sales of shares and assets like property - as he prepares to deliver his Autumn Statement on November 17.

The Chancellor is expected to announce massive cuts to public spending in an attempt to wrestle the economy back under control after Liz Truss's chaotic stint in No10.

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