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Jeremy Hunt’s UK Autumn Statement: What to Look For
Posted
November 22, 2023
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November 22, 2023
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1:00Now PlayingChancellor of the Exchequer Jeremy Hunt is expected to announce tax cuts and tighter spending plans in his Autumn Statement this week, part of a bid to lift growth and boost Rishi Sunak’s ailing Conservative Party.
With the Tories trailing Labour badly in the polls, it’s one of the few remaining set-piece moments before a general election expected next year and Hunt is under pressure to deliver voter-pleasing measures while also keeping a lid on inflation and preserving financial stability.
His and Sunak’s plans have evolved in response to changing economic and political circumstances, becoming increasingly bullish in response to a decline in inflation and better-than-expected growth figures. Sunak on Monday said that after inflation more than halved this year, the government can now start to look at tax cuts.
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