Chancellor Jeremy Hunt will address the House of Commons to make his autumn statement today (Thursday November 17).
Tax rises for everyone in the UK and cuts to public spending are expected to be announced after Mr Hunt warned people would need to make 'sacrifices' to help fix the UK economy. Prime Minister Rishi Sunak said the budget will also detail a clear plan to "grip" inflation.
He said inflation was the “enemy we need to face down” but insisted the decisions in today's autumn statement would be “based on fairness and " based on compassion”. It comes as UK inflation soared to a 41-year high of 11.1% last month, with rocketing energy and food prices intensifying the cost of living crisis.
