Prime minister Liz Truss and Chancellor Kwasi Kwarteng will deliver a 'mini budget' on Friday morning to set out the government's plans to tackle the soaring cost of living.
Ms Truss has previously pledged to hold an "emergency budget" within weeks of becoming leader of the Conservative Party, however, plans were forced to wait in light of Queen Elizabeth II's death. Friday's 'mini budget' will not hold the same weight and significance as a full Budget - meaning it will likely emit any changes to duties on cigarettes, alcohol, and fuel.
The mini budget will also not include independent growth forecasts which would reveal more on the prime minister's spending plans. Instead, it will focus on the tax cuts she promised in the leadership contest while also providing some details on how Truss' government will fund the energy bill freeze that was announced last month, the Mirror reports.
