Labour's said the goverment's mini-budget favours the wealthy and doesn't do anything for those struggling with the cost of living.

Yesterday the Chancellor and MP for Spelthorne, Kwasi Kwarteng, outlined the largest tax cuts for 50 years and axed a cap on bankers' bonuses.

Sir Keir Starmer has accused the Chancellor of gambling with the UK's finances.

Mike Brewer is the chief economist at the Resolution Foundation.