What could be in the chancellor’s statement on 31 October?

After dismantling most of the mini-Budget in a series of U-turns, Jeremy Hunt will reveal the rest of his “medium-term fiscal plan” on Halloween. We look at what changes could be announced, and the potential impact on your personal finances

Jeremy Hunt
Jeremy Hunt: spending cuts are coming
(Image credit: © Leon Neal/Getty Images)

Jeremy Hunt, the new chancellor, is set to reveal the rest of his “medium-term fiscal plan” in less than two weeks’ time, after tearing up most of his predecessor Kwasi Kwarteng’s mini-Budget.

Hunt has warned ministers that spending cuts are coming, and that “decisions of eye-watering difficulty” will have to be taken to reduce government debt and calm markets.

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Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.

She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.