Jeremy Hunt will deliver his Autumn Statement later this week as he looks to balance the books following the economic turmoil under previous Prime Minister Liz Truss.
The Chancellor of the Exchequer has warned that taxpayers will be forced to pay more in order to fill the black hole in government finances.
The Resolution Foundation think tank's economists estimate that Liz Truss and her Chancellor Kwasi Kwarteng blew £20 billion on unfunded cuts to national insurance and stamp duty, with a further £10 billion lost to higher interest rates and Government borrowing costs.
