![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/crunch-budget-meeting-today-as-chancellor-hits-out-at-truss-mistakes/&media=https://uknews.evprotec.com/wp-content/uploads/2022/11/beem-claim-copyright-license-attached-774612614.jpg&description=RISHI Sunak and Jeremy Hunt will meet today to 'start finalising' next Thursday's massive Autumn Statement. The crunch meeting comes as the Chancellor blasted Liz Truss this morning over her disastrous mini budget. Jeremy Hunt will unveil the government's Autumn Statement next ThursdayCredit: HM Treasury / BEEM The unfunded, tax-slashing bonanza sent the pound plummeting and mortgage rates soaring. It's partly responsible for the mess the British economy is in today. Last night Mr Hunt's predecessor Kwasi Kwarteng dramatically broke his silence on the doomed budget. He admitted on TalkTV there had been 'no real tactical plan' and that he and Ms Truss should have adopted 'a much more measured approach'. Responding to shock confession, Mr Hunt said: "When we produced a fiscal statement that didn't show how we were going to bring our debts down over the medium term, the markets reacted very badly. 'And so we have learned that you can't fund either spending or borrowing without showing how you are going to pay for it and that is what I will do." On November 17 the Chancellor will unveil the government's highly anticipated Autumn Statement. The budget will lay out how the Treasury plans to fill an estimated £50bn black hole in public finances. It will include a range of tax rises and spending cuts, which the Chancellor says are essential for balancing the books and clamping down on inflation. This morning new stats revealed the UK economy shrank by 0.2 per cent in the last three months. The Bank of England warned Britain is on the brink of a 'very challenging' two-year recession. Meanwhile, a new report from the Food and Drink Federation today showed that nearly half of food and drink manufacturers are cutting or pausing investment projects as they battle the "toughest trading conditions anyone can remember". Food and drink businesses have seen costs increase by an average of 21 per cent over the last year, with a similar hike expected in 2023. Mr Hunt responded to the){kind=link}
RISHI Sunak and Jeremy Hunt will meet today to “start finalising” next Thursday’s massive Autumn Statement.
The crunch meeting comes as the Chancellor blasted Liz Truss this morning over her disastrous mini budget.
The unfunded, tax-slashing bonanza sent the pound plummeting and mortgage rates soaring.
It’s partly responsible for the mess the British economy is in today.
Last night Mr Hunt’s predecessor Kwasi Kwarteng dramatically broke his silence on the doomed budget.