Jeremy Hunt Autumn statement LIVE: Tax, minimum wage and benefits updates expected in ‘very difficult’ budget tomorrow
JEREMY Hunt is set to unveil tax rises, benefit changes and spending cuts to curb inflation in this week’s Autumn Budget statement.
The Prime Minister said inflation was “the enemy we need to face down” after official figures showed it reached 11.1% in October, the highest rate for 41 years.
But he warned that would require “difficult decisions” as Jeremy Hunt prepares for Thursday’s autumn statement.
The Chancellor is expected to announce tax hikes for millions of workers already facing a rise in the cost of living as a result of soaring prices and the impact of rising interest rates on mortgages.
But the PM insisted that once the “strong foundation” of the Government’s approach had been established in Mr Hunt’s statement, there would be a “brighter future”.
Read our autumn budget 2022 live blog for the latest news…