A man with cancer who faces losing his home due to rocketing mortgage rates says he has “little faith” in the Conservatives to help those struggling financially as the country awaits the autumn statement.

The Chancellor’s autumn statement will be unveiled this morning after further rises in gas and electricity bills sent UK inflation to its highest level for 41 years, according to official figures.

Jeremy Hunt MP will give his speech to Parliament at around 11.30 this morning.

Nicholas Wilson, from Hastings, who faces losing his home because increasing mortgage costs have outgrown his benefits allowance, has recently been diagnosed with prostate cancer and relies on donations from Twitter followers – of which he has more than 55,000 – to cover monthly payments.

“It’s disgraceful and it’s shameful for us… I can only survive on donations,” said Mr Wilson.

“(The cancer) is treatable and should be OK but it’s just pretty grim when it’s cold and I don’t have any money.

“I’m going to be going to radiation therapy every day for up to eight weeks, probably, in the new year… there’s quite a lot of travel involved in that so I’ve got far more expenses than I get in benefits coming in.”

In February, the 65-year-old’s mortgage rate was 4.29 per cent, with payments of £484.19, of which he paid £271.17 and received £213.02 through the Department for Work and Pensions.

Since October, his mortgage rate has been 5.74 per cent, requiring payments of £652.29 – but he soon expects the rate to exceed six per cent.

Mr Wilson used to work in the legal sector and said it is “critical” Mr Hunt retains the pensions triple lock as he will start receiving a pension from March 2023.

Despite the reports on the benefits rise, Mr Wilson maintained a lack of faith in the Conservative Party to support those on benefits.

“I don’t think he’ll increase benefits,” he said.

“They just don’t seem to care… I despair.

“In the next six months, with energy prices going up… I think next year it will be a disaster.”