In the autumn statement later this month, the chancellor is expected to outline how taxation, public spending and public borrowing measures will fill the significant black hole in the nation's finances
Last month, the newly-appointed chancellor Mr Hunt said he could not make a commitment to keeping the triple lock during an interview with Sky News' political editor Beth Rigby, saying everything was on the table when it came to possible cuts to cover the fiscal blackhole in Whitehall.
Ms Truss announced the increase would be reversed on 6 November as more people began to struggle with bills during the cost of living crisis. "I'm going to ask all departments to find more efficiencies than they were planning to find," Mr Hunt told Sky News. While chancellor, Mr Sunak reduced foreign aid spending to 0.5% of GDP saying it would return to the baseline 0.7% when the economic situation had improved following the coronavirus pandemic.
Reports have suggested Mr Sunak is working on proposals to expand the windfall tax on energy companies.
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