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Chancellor Rachel Reeves is facing some tough financial decisions to try and plug a £50 billion black hole in the nation’s public finances as she is set to deliver her second Autumn Budget tomorrow, November 26. Ms Reeves will deliver her plans for the economy after PMQs at around 12.30pm.

So far, there has been much speculation as to how the Chancellor plans to cut costs this year, with concerns raised over possible tax rises. Ms Reeves has already reportedly pulled a U-turn on upping income tax, which would have broken one of the Labour Party's manifesto promises.

Without any money coming from increased income tax, there is speculation that the Treasury will pursue a “smorgasbord” approach of raising a range of smaller taxes , with limits to salary sacrifice schemes

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