Jeremy Hunt will deliver the Autumn Statement on Thursday, where he is expected to raise taxes and cut public spending in order to balance the books.
The Chancellor of the Exchequer has warned that everyone will have to pay "a bit more tax" and that "sacrifices" will have to be made following the disastrous mini-budget in September.
Ahead of his statement later this week Hunt declared he will be playing Scrooge, as he sets out his vision to restore financial "stability", with a focus on delivering "certainty" to families and businesses in the wake of the market turmoil sparked by his predecessor's £45billion tax-cutting bonanza.
Liz Truss and Kwasi Kwarteng's mini-budget may have cost the country as much as £30billion, according to the Resolution Foundation, potentially doubling the task at hand for the Chancellor, as he seeks up to £60billion in savings and extra revenue.
Read more on dailyrecord.co.uk
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