Later this morning Jeremy Hunt will deliver his first Autumn Statement as Chancellor. With the focus firmly on the dire state of the economy, pressure is on Hunt to deliver on his promise to reduce inflation (which yesterday hit 11.1 per cent) and restore stability.

As Kate Andrews writes in this week’s magazine, the Chancellor’s measures are likely to see a new era of austerity ushered in due to a number of a trailed tax hikes and public spending cuts.