Autumn Statement: The Key Measures

The nextphase” of Sunak’s government is finally kicking into gear today with the Autumn Statement. Some measures are being briefed in what is being sold, as always, as a budget for working people. Treasury officials have kept tight-lipped about additional business measures, which are the most important…

  • 1% cut in headline rate of national insurance for employees and the self-employed.
  • Full expensing made permanent. An obvious measure…
  • Benefits and the state pension will rise by 6.7% and 8.5% respectively. Higher than trailed…
  • National living wage and minimum wage hiked. Crowd pleasers without much benefit…
  • Freeze on alcohol duties.

Cuts to inheritance tax and income tax have reportedly been delayed until the Spring Budget. No action on thresholds means that Hunt’s still raking in increasingly large amounts from stealth tax rises, costing workers around £80 billion by 2028. Stay tuned for the full list of measures…

mdi-timer 22 November 2023 @ 08:50 22 Nov 2023 @ 08:50 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Hunt: “Prepare For the Worst” Ahead of Autumn Statement

Jeremy Hunt is now explicitly warning people to be disappointed by his Autumn Statement:

“In the short term, we have challenges. We have a challenge with inflation, which is still too high. And we have the challenge of the international environment where there is still a lot of shocks… I need, as Chancellor, to focus on reliance in the face of those shocks. I am very much hoping for the best, but I do need to prepare for the worst, because I think we can see that the world is a very dangerous place right now.”

When asked if voters can expect good or bad news on 22nd November, Hunt added “I think it’s a bit of both“. There’s that boosterism the Tories needed…

mdi-timer 13 October 2023 @ 14:22 13 Oct 2023 @ 14:22 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Treasury Asks Public to Help Write Autumn Statement

With the Autumn Statement around the corner, His Majesty’s Treasury has called for policy suggestions from… the public. The Treasury took to Twitter/X last night to fish for ideas, perhaps because they don’t yet have any themselves. Desperate times call for desperate measures…

Entries close on October 13thCo-conspirators might want to offer some actual conservative ideas… maybe cutting taxes?

mdi-timer 26 September 2023 @ 17:15 26 Sep 2023 @ 17:15 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments