Chancellor Jeremy Hunt is to make an autumn statement today
Chancellor Jeremy Hunt is to make an autumn statement on Thursday morning, setting out how the Government will cope with the cost of living crisis and spiraling inflation. The inflation comes after Liz Truss and Kwazi Kwarteng's mini-Budget crashed the UK economy earlier this year.
Unlike the Kwarteng mini-Budget, this statement is expected to be fully costed - setting out how the Government will pay for what is announced. “We aren’t immune to these global headwinds, but with this plan for stability, growth and public services – we will face into the storm,” he is expected to tell the Commons.
His package will stand in stark contrast to his predecessor Kwasi Kwarteng’s unfunded splurge of tax cuts less than two months ago, which further dented the UK’s finances. “Families across Britain make sacrifices every day to live within their means, and so too must governments because the United Kingdom will always pay its way.
Mr Hunt is expected to impose stealth taxes by freezing the rates at which workers begin paying higher rates, drawing more into higher brackets as inflation soars.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Chancellor Jeremy Hunt warned 'not to cut' budget for councils in Autumn StatementThe chancellor has been warned that local council budgets are under extreme pressure and need to be considered a priority ahead of his first Autumn…
Lire la suite »
Jeremy Hunt to unveil bleak £54,000,000,000 package of tax hikes and spending cutsBiting tax hikes and spending cuts are what Britons should expect as Britain’s new bearer of bad news, Jeremy Hunt, unveils his budget today.
Lire la suite »
Jeremy Hunt says 'difficult decisions' will be made in latest Tory budgetJeremy Hunt says 'difficult decisions' to be made in bid to fix chaos caused by Truss government
Lire la suite »
Average council tax bills could rise above £2,000 after Autumn Statement to fund social careChancellor Jeremy Hunt hinted at plans to allow town halls to raise bills by 5 per cent to fund social care and other services amid surging inflation
Lire la suite »