The “toughest Budget for decades,” is how the Metro describes the Chancellor’s expected statement on Thursday. It is expected to be “a double dose of painful tax rises and big public spending cuts in Britain’s toughest budget for decades”.

Jeremy Hunt needs to plug a £60bn “black hole” left by his predecessor Kwasi Kwarteng and former PM Liz Truss, the paper says.

The front page features an image of the chancellor smiling, along with the headline “Grin and bear it”. The announcement comes a day after the latest figures showed inflation hit a 41-year high of 11.1% in October.