Watch: Jeremy Hunt warns ‘we’re all going to be paying more tax’

Chancellor Jeremy Hunt said “we’re all going to be paying a bit more tax” following the autumn budget - and admitted there were mistakes in the so-called mini-budget.

He said it is “not just bad news”, stating he wants to set out a plan to “show the way through” the difficult circumstances facing the UK.

On who will be required to bear the brunt of the extra costs, he said the Government will be asking “everyone for sacrifices”, but said Britain is a “compassionate” country, insisting “there’s only so much you can ask from people on the very lowest incomes”.

Asked if he will therefore be paying more tax after next week, he told Sky News: “We’re all going to be paying a bit more tax, I’m afraid … but it’s not just going to be bad news.