Certain benefits could be hit by cuts if the Conservative government presses ahead with new proposals.
Jeremy Hunt was appointed Chancellor after Kwasi Kwarteng's mini-budget sent the markets into turmoil. The new Chancellor is set to unveil a Medium-Term fiscal Plan on October 31 - as Birmingham Live reports.
The Government is reported to be considering making savings by instead putting up some working-age benefits by the growth rate of average earnings, which is a far lower figure of 5.5%. An independent think tank warned this would permanently cut the real value of affected benefits by just over 4%.
