New Chancellor of the Exchequer Nadhim Zahawi has admitted in his first day in office that taxes across the country are set to go up.
During media rounds the Tory MP warned that next year will be "really hard" for the economy as the cost of living crisis continues to hit families hard.
Zahawi was appointed Rishi Sunak's replacement late last night after he sensationally quit over the handling of the Chris Pincher affair.
