Chancellor Kwasi Kwarteng will deliver a variety of economic measures today as the government introduces a mini-budget to tackle the cost of living crisis.
It is expected that Prime Minister Liz Truss will fulfil her promise of tax cuts alongside a reversal of the increase to National Insurance contributions which was expected to come into effect from November. While speaking to the press in New York, Ms Truss said that she is willing to take "difficult decisions" to help push economic growth across the country.
The economic plans will be unveiled in the House of Commons today at 9.30am as the Chancellor will speak to his fellow MPs. Today's announcement will be different from a usual Budget - which is made twice a year - and will not include any major announcements such as changes to fuel duty tax.
