All the updated news related to autumn statement

All the news related to autumn statement updated in real time

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Former government adviser appointed to look at planned post-16 education reforms

Reforms to post-16 education announced almost two years ago are to be looked at by a former chief adviser on school standards. Chancellor Jeremy Hunt said he had appointed Sir Michael Barber to advise on the implementation of the Government’s skills ...

17 Nov 2022 at 18:16

Scottish workers hit with ‘sleekit tax’ despite wage rise, union warns

The Chancellor’s autumn budget is hitting Scottish workers with a “sleekit tax” despite increasing the minimum wage, a senior union boss has warned. Jeremy Hunt announced the national minimum wage will increase 9.7% to £10.42 an hour from April – a ...

18 Nov 2022 at 11:13

Almost £14bn business rates relief welcomed as online sales tax scrapped

The Chancellor has unveiled an almost £14 billion package of property tax support for firms as the Government revealed it has scrapped a potential online sales tax. The new package of support on business rates has been welcomed by UK companies but ...

17 Nov 2022 at 18:00

Social care cap architect astonished over ‘really distressing’ reform delay

The architect of the original plans for a social care cap has said he is “astonished” over the “really distressing and deeply regrettable” decision to postpone long-awaited reforms. Sir Andrew Dilnot told the PA news agency the delay “seems like ...

17 Nov 2022 at 16:54

Cost-of-living payments and benefits rise ‘too late’, say recipients

Benefits recipients facing a “dark” Christmas due to tightened finances have said they fear rises unveiled in Jeremy Hunt’s autumn budget will come “too late”. The Chancellor has pledged a cost-of-living payment of £900 to households on ...

17 Nov 2022 at 19:29

Misery for millions as economy slumps into recession

The UK faces a collapse in living standards, higher bills, tax hikes and increased unemployment as the economy slumps into recession. Chancellor Jeremy Hunt told MPs he was having to make difficult decisions to ensure a “shallower ...

17 Nov 2022 at 21:07

Autumn statement 2022: Grim historic milestones facing the UK economy

Forecasts published as part of the autumn statement by Chancellor Jeremy Hunt suggest the country is facing some grim economic milestones. – Biggest drop in disposable income since records began The sharp rise in the cost of ...

17 Nov 2022 at 17:51

Business rates package welcomed by industry but ‘urgent reform’ still needed

The Chancellor’s new package of support on business rates has been welcomed by UK businesses but hospitality groups have stressed that it does not go far enough to fix the “outdated” system. Jeremy Hunt unveiled new ...

17 Nov 2022 at 15:22

Economy set to shrink by 2% as Government debt to soar £400bn higher – OBR

Government debt is set to balloon £400 billion higher than previously expected, warned the fiscal watchdog as it unveiled a bleak outlook for the UK economy. The Office for Budget Responsibility (OBR) said the ...

17 Nov 2022 at 17:12

Hunt blames ‘recession made in Russia’ as he increases taxes and cuts spending

Households will face increased energy bills, high inflation and tax hikes as the country is hit by recession. Chancellor Jeremy Hunt told MPs he was having to make difficult decisions to ensure a “shallower ...

17 Nov 2022 at 14:14

Chancellor accused of pushing more people into poverty

The Chancellor has been accused of pushing more people into poverty or even onto the streets. Lord Bird, founder of The Big Issue magazine, said austerity was too expensive for the country, warning that ...

17 Nov 2022 at 17:00

Key points from Chancellor Jeremy Hunt’s autumn statement

Jeremy Hunt has outlined a package containing “difficult decisions” that amounts to a “substantial tax increase” in an autumn statement he said would put the UK on a “path to stability”. The package ...

17 Nov 2022 at 18:00

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