Liz Truss is set to finally get her premiership underway this week after it was put on hold following the death of the Queen.
The Prime Minister headed to New York for the United Nations General Assembly overnight, however back in Westminster her Chancellor Kwasi Kwarteng is putting the final touches to his mini budget that is set to take place later this week.
While the country mourned the death of the monarch the Treasury was hard at work preparing for the financial statement in the Commons.
Throughout the Tory leadership race the former foreign secretary promised to cut taxes in an attempt to put more money into pockets of struggling families.
Here's all you need to know about the mini budget:
When is the mini budget?
The Chancellor of the Exchequer Kwasi Kwarteng is set to deliver his fiscal statement in the House of Commons on Friday, September 20.
Following the speech MPs from all sides will get a chance to debate the contents and announce their own plans to ease the cost of living crisis.
What can I expect from the mini budget?
As with many financial statements a lot of it has been briefed to journalists well in advance of the Chancellor getting to his feet to deliver more detail.
During the Conservative leadership contest Truss announced a number of measures that she hoped to put in place if she defeated Rishi Sunak. In a bid to halt record-high inflation and boost growth in the economy the government is expected to slash taxes.
The new PM plans to cut the 1.25 per cent rise in National Insurance that was hiked earlier this year, while she is also expected to cancel the corporation tax rise in a bid to help companies across the country.
A cut in the basic rate of income tax is also expected, however income tax is devolved to the Scottish Parliament therefore it could put pressure on Nicola Sturgeon to follow suit.
While campaigners have called for an increase to Universal Credit payments, but there's very little sign Truss would do this.
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