What to expect in UK Chancellor Jeremy Hunt's plan to fix fiscal hole

UK Chancellor of the Exchequer Jeremy Hunt will announce a major economic package on Nov. 17 as he tries to stabilize public finances and recover credibility lost in the turmoil of Liz Truss’s ill-fated administration.
 

Prime Minister Rishi Sunak’s finance minister is trying to identify £50 billion ($56 billion) of spending cuts and tax increases to get debt falling as a proportion of gross domestic product over the medium-term. Though no final decisions have been taken, here’s what could happen:

Higher windfall tax on energy profits
 

Hunt is considering extending the UK’s windfall tax on oil and gas companies, a