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The Guardian - UK

Politics

Danya Hajjaji

Rishi Sunak preparing years of tax rises to plug £50bn fiscal black hole

Rishi Sunak Liz Truss Jeremy Hunt Black Hole

Meeting between Rishi Sunak and Jeremy Hunt. — A Treasury source said things were going to be ‘rough’ after a meeting between Sunak and Jeremy Hunt. Photograph: Simon Walker/10 Downing Street

Rishi Sunak is preparing years of tax rises for Britain in an effort to make up for a £50bn fiscal hole left by Liz Truss’s disastrous tenure in Downing Street, according to a Treasury insider.

After a meeting between the prime minister and Jeremy Hunt on Monday to plan the upcoming autumn statement, a Treasury source said things were going to get “rough”.

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