Over the past few weeks, the Treasury has been undertaking what commentators have termed 'expectation management' ahead of the Autumn Statement on November 17.
The Chancellor Jeremy Hunt is considering £60billion in tax rises and £35billion in spending cuts to address a black hole of up to £50billion in the public finances.
He will set out his plans in the Autumn Statement on November 17 - we take a look at the facts so far and ask finance experts on what is likely to be announced.