In a bid to be "honest" with the British public, new chancellor Jeremy Hunt has admitted that some taxes will rise and public spending will be squeezed.
Mr Hunt, who was parachuted into Number 11 in an attempt to restore order to Liz Truss’s ailing administration, also told ITV News that "mistakes" had been made in last month's mini-budget.
Ms Truss’s premiership remains in peril after she sacked former chancellor Kwasi Kwarteng and ditched a major chunk of the mini-budget in an extraordinary gamble to stay in power.
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