The Chancellor Jeremy Hunt has confirmed more cost of living payments will be delivered to the "most vulnerable".
During his Autumn Statement, the new Chancellor said the Government will introduce additional cost-of-living payments for the "most vulnerable" with £900 for those on benefits, £300 for pensioners and £150 for those on a disability benefit.
Ahead of the statement, Mr Hunt admitted "we will be asking everyone to make sacrifices" but promised the Conservative Government would deliver "honesty" and "sound money". Insisting the British public want the Tories to be trustworthy rather than "popular", he said the hope for the week ahead is to deliver "certainty" to families and businesses that the government has a plan to stabilise the economy.
READ MORE: Autumn Budget 2022 live updates: Jeremy Hunt to unveil tax rises and spending cuts
But Pat McFadden, Shadow Chief Secretary to the Treasury, said Tory mishandling of the economy was to blame for the country's ongoing economic woes. Mr McFadden said the UK is stuck in a "Conservative doom loop".
Mr Hunt suggested he will not be pulling any rabbits out of the hat when he delivers his speech, unlike his predecessor Kwasi Kwarteng - who dramatically whipped out a cut to the top rate of income tax in his ill-fated "fiscal event".
The current Chancellor said: "I think it is fair to say this is going to be the first rabbit-free budget for very many years. I'm sorry to disappoint but no, this is not going to be a time for rabbits I'm afraid
Receive newsletters with the latest news, sport and what's on updates from the Liverpool ECHO by signing up here
READ NEXT:
Martin Lewis advises when not to use your washing machine
James Strawbridge addresses half-siblings inheriting Escape to the Chateau home
I'm a Celebrity bosses 'preparing for Matt Hancock to leave camp'
Symptoms of lung cancer as Jonnie Irwin shares terminal diagnosis
