Jeremy Hunt is expected to dismantle his predecessor Kwasi Kwarteng plans announced two months ago.
The Treasury say nothing confirmed until the statement is announced. But we do know some of what is likely to be announced.After the uncertainty of the last few weeks, Mr Hunt said he wants to reduce the size of the so-called fiscal black hole - the gap between what the government raises and spends. This will involve political choices about how much debt is acceptable, what taxes can go up and what spending can be squeezed.
But a number of Conservative MPs are unhappy at the tax increases we are likely to see - so there could be some political pushback ahead.This could be a big theme of the Autumn Statement. Stealth taxes involve freezing the thresholds at which people start paying different rates of tax. That is not going to happen under Rishi Sunak, because the government is worried about the cost. Instead there will be a more targeted approach from April.
Labour wants loopholes closed. At the moment, if oil and gas companies can offset their tax liability if they invest profits in the UK. There was controversy when it emerged Shell had not been liable for any Windfall Tax, despiteSocial care It is expected that on Thursday, the chancellor will postpone the introduction of the social care cap for at least two year - roughly the period covered by the spending review. That would kick the decision until after a general election and opens the door to the cap being scrapped altogether.This is one of the biggest spending decisions the Treasury has been weighing up.
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