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Rishi Sunak preparing years of tax rises to plug £50bn fiscal black hole

PM set to hike taxes across the board to repair nation’s finances after Liz Truss’s disastrous mini-budget

Rishi Sunak is preparing years of tax rises for Britain in an effort to make up for a £50bn fiscal hole left by Liz Truss’ disastrous tenure in Downing Street, according to a Treasury insider.

After a meeting between the prime minister and Jeremy Hunt on Monday to plan the upcoming autumn statement, a treasury source said things are going to be “rough”.

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