U.K. Chancellor of the Exchequer Jeremy Hunt will announce a major economic package on Nov. 17 as he tries to stabilize public finances and recover credibility lost in the turmoil of Liz Truss' ill-fated administration.
Prime Minister Rishi Sunak’s finance minister is trying to identify £50 billion ($56 billion) of spending cuts and tax increases to get debt falling as a proportion of gross domestic product over the medium-term. Though no final decisions have been taken, here’s what could happen: