However, the Chancellor insisted it is "not just going to be bad news" on Thursday, stressing he is keen to show the British people "the way through" the "difficult" circumstances at hand.
Mr Hunt has 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 £45 billion tax-cutting bonanza.
He has said "people with the broadest shoulders will bear the heaviest burden" as he seeks to fill a so-called black hole in the public finances and is understood to be weighing up a cut to the threshold at which the highest earners start paying the top rate of tax.
He acknowledged during a round of broadcast interviews on
This story is from the November 14, 2022 edition of The Herald.
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This story is from the November 14, 2022 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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