The new Chancellor Kwasi Kwarteng will deliver a “mini Budget” this Friday, which could include a flurry of tax-cuts worth a reported £30billion.
This "fiscal event" won’t be a full Budget - meaning it is unlikely to cover wider taxation such as duties on cigarettes, alcohol and fuel.
But it is thought it could include a reversal of the 1.25 percentage point increase to National Insurance contributions, as well as a cut to stamp duty.
Unlimited bonuses for millionaire bankers could once again be permitted, as well as scrapping a planned rise in corporation tax from 19% to 25%.
While we don’t know for sure what exactly will be announced in the “mini Budget” we explain what some of the rumoured changes could mean for you.
Join us live at 1pm this afternoon (September 22) on the Daily Mirror Facebook page
Mirror Money editor Levi Winchester will be joined by senior reporter Dave Burke to answer your questions - and to ask you what you think should be included in the "fiscal event" this Friday.
You can email us now at mirror.money.saving@mirror.co.uk with your question, or you can also comment live during the Facebook Live broadcast.
Ms Truss had previously boasted she was willing to be an unpopular Prime Minister - as she prepares to unveil her tax cuts bonanza.
She accepted the benefits would favour the wealthy but insisted this wasn't unfair.
"I don't accept this argument that cutting taxes is somehow unfair," she told Sky News.
"What we know is people on higher incomes generally pay more tax so when you reduce taxes there is often a disproportionate benefit because those people are paying more taxes in the first place.
"We should be setting our tax policy on the basis of what is going to help our country become successful. What is going to deliver that economy that benefits everybody in our country."
During the Conservative leadership race, Ms Truss vowed to hold an "emergency budget" within weeks of taking office - however, her plans were derailed by the death of the Queen.
In her first major policy intervention as Prime Minister, Ms Truss announced a £2,500 cap on energy bills for typical households over the next two years.
However, she has since ruled out using a windfall tax on oil and gas giants to help fund the package - instead, it is thought the Government will set out some of the costing at the "fiscal event".
