Chancellor Jeremy Hunt reveals his Autumn Statement - live updates

Chancellor Jeremy Hunt has warned of having to make "some difficult decisions" as he prepares to deliver the Autumn Statement. He is expected to unveil tax increases and spending cuts in the Commons.

The Statement is due to be delivered at 11.30am. In a video produced by the Treasury, he said on Thursday morning: "Today we are having to take some difficult decisions to restore stability, bring inflation down and balance the nation's books.

"So this is our plan to build a stronger economy, protect public services and make sure we look after our most vulnerable."

The statement outlining Rishi Sunak's Government's economic plans will come just eight weeks after former Chancellor Kwasi Kwarteng's now scrapped mini-budget, which promised to cut some taxes but led to the Pound collapsing against the Dollar and contributed to Liz Truss stepping down as Prime Minister.

Chancellor Mr Hunt is expected to say the "difficult" decision to raise taxes and increase austerity cuts are necessary to tackle rising mortgage rates, energy bills and grocery prices. But he faces a backlash from the right wing of his own party, who are voicing anger about increasing taxes, a measure which the Conservative Party is traditionally against.

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