The Papers: ‘Truss budget’ cost £30bn and ‘Rishi revives Thatcherism’

Many of the front pages consider what could be included in Chancellor Jeremy Hunt’s autumn statement on Thursday.

“Energy bills to soar for millions” is the headline in the Sunday Times, reporting that Mr Hunt will cut support for households dealing with rising gas and electricity costs by up to £40bn.

According to the Mail on Sunday, the chancellor’s economic statement will also include plans to reduce the 45p income tax threshold, meaning the highest earners would start paying the top rate of tax at £125,000, rather than £150,000. But the paper says some Tory MPs fear that Prime Minister Rishi Sunak is “over-correcting and jeopardising the Conservatives’ reputation as a low tax party”.

Mr Sunak will “invoke the spirit of Margaret Thatcher” by saying “there is no alternative” to tax hikes and spending cuts, reports the Sunday Express. But in an interview with the Sunday Times, Mr Hunt insists he will “put people ahead of ideology”.

Writing in the Sun on Sunday, the…

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