With living costs soaring, thanks to the highest rate of inflation for over 40 years, but with a budget black hole to fill, Chancellor Jeremy Hunt tried to pull off a balancing act in his Autumn Statement to promote stability and rebuild the economy, while protecting public services and supporting the most vulnerable in society. But how will the tax changes, spending cuts and other measures announced in the Statement impact your finances?

As the third Chancellor in as many months, Jeremy Hunt had an unenviable task when delivering his Autumn Statement on 17 November. With the economy suffering from the continued impact of Brexit, the aftermath of the coronavirus pandemic, and the ongoing fallout of the war in Ukraine, as well as the disastrous financial consequences of September’s mini-budget, and the UK facing “a prolonged period” of recession according to the Bank of England, setting out a fiscal plan that restored the UK’s credibility with markets, tackled the cost of living crisis and promoted growth was a tall order. So what were the key announcements?

Leave a Reply

Your email address will not be published. Required fields are marked *

Get In Touch

Fill in the form below and our team will be happy to assist you

Contact Information

+44 203 148 8810
hello@iwpuk.co.uk

Opening Hours

Monday – Friday 9am-5pm 
Weekend – Closed

Address

7 Stratford Place, Marylebone, London, W1C 1AY

Get In Touch

Fill in the form below and our team will be happy to assist you

Contact Information

+44 203 148 8810
hello@iwpuk.co.uk

Opening Hours

Monday – Friday 9am-5pm 
Weekend – Closed

Address

7 Stratford Place, Marylebone, London, W1C 1AY