A mini-Budget is to be delivered on Friday, setting out what help is to be made available to get people through the winter and the cost of living crisis. Chancellor Kwasi Kwarteng will announce measures in Parliament on Friday that will confirm tax cuts promised by Liz Truss and spell out some of the detail on how the promised energy bills freeze will be funded.
Ms Truss is thought to be planning to borrow as much £150bn to fund her plan to cap average energy bills at £2,500 a year for two years. Further details are also expected on support for businesses.
During the Tory leadership campaign, Liz Truss promised to cut taxes from "day one". It won't quite be day one, reports The Mirror.
