Jeremy Hunt has said everyone is going to be paying higher taxes but those who earn the most will have to make larger sacrifices.
The chancellor told the Sophy Ridge on Sunday programme during Thursday’s autumn statement he “will be asking everyone for sacrifices” but recognises there is “only so much we can ask” from people on the lowest incomes.
“That will be reflected in the decision, it’s important Britain is a fair country,” he said.
“We’re all going to be paying a bit more tax, I’m afraid.”
Mr Hunt promised it will “not just be bad news” but said he believes the public recognises “if you want to give people confidence about the future you have to be honest about the present”.
He said his plan will bring down inflation, control high energy prices and “get our way back to growing, healthily”.
The chancellor said his plan will help get the UK out of a recession as quickly as possible.
But he also said spending cuts from government departments will be needed and hinted no more funding will be given to the NHS.
He said the health service’s funding is already going up but it needs to do “everything it can to find efficiencies”.