Britain can’t borrow at high rates, so it must tax the rich | Phillip Inman

The days of cheap credit that could have fuelled long-term investment have gone. Now chancellors must find a different source of revenue

Jeremy Hunt's autumn statement is fast approaching and it looks like the public will be treated to the exciting spectacle of a chancellor treading water.

Hunt is in no mood to splash the cash when the financial markets still have a wary eye cast in his direction. Investors remember the panic that followed Liz Truss and Kwasi Kwarteng's first and only budget, when the UK's good name was sullied and, as a financial punishment, the cost of borrowing rocketed.