From soaring inflation and gas prices to tax take and national debt, these are the trend lines that frame Kwasi Kwarteng’s calculations
Kwasi Kwarteng will announce the details of his mini-budget on Friday with Britain already in a recession. In only his third week in the job, the chancellor is expected to announce sweeping tax cuts and further details on the government’s energy price freeze, in an emergency support package worth more than £150bn.
It comes after the Bank of England reported that Britain’s economy fell into recession earlier this year amid the cost of living crisis. Here are the five key charts that will underpin the chancellor’s statement.
