The Latest Breaking News from Jeremy Hunt

Jeremy Hunt expected to deliver harsh package of tax rises and spending cuts to plug £60bn shortfall

The Autumn Statement is set to confirm about £21billion of tax rises and £33billion of public spending cuts a year by 2027/28, to try and fill the £54billion black hole

Chancellor expected to deliver harsh package of tax rises and spending cuts to plug £60bn shortfall

The Chancellor is expected to announce tax rises, service cuts, changes to benefits and pensions and changes to energy bills

The government’s own arbitrary target is the source of this ‘shortfall’, says James Meadway of the Progressive Economy Forum

Plans are afoot to cut government borrowing with the economy on the brink of recession and the highest inflation for decades

UK faces collapse in living standards, higher bills, tax hikes and increased unemployment

Record View: Hunt will undoubtedly try to blame the war in Ukraine and insist inflation is causing governments around the world to make savings.

The Child Poverty Action Group said it would be "outrageous" to ask vulnerable people to shoulder the UK’s stricken public finances.

Esther McVey, who served as Secretary of State for Work and Pensions between 2015 and 2018, told the Commons that if the government has enough cash for HS2, it should not need to raise taxes

The eagerly awaited autumn financial statement from UK prime minister Rishi Sunak and chancellor Jeremy Hunt includes a key ingredient: a report from the Office for Budget Responsibility (OBR) on the predicted overall effects of the government’s policies on the economy. This is something the Liz Truss government studiously avoided…