November 22, 2023
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59:32Now PlayingJoin Sophy Ridge and guests on Politics Hub for all the political reaction, analysis and fallout from the Autumn Statement.
The main talking points from the statement included:
- National insurance is to be cut by two percentage points
- Benefits will increase by 6.7%, the September rate of inflation, as is customary, with the increase coming into effect in April
- State pension payments are to rise by 8.5% to £221.20 a week, worth almost an extra £900 a year. The triple lock will be "honoured in full"
- All alcohol duty will be frozen until August - that means no increase in duty on beer, cider, wine or spirits.
Joining Sophy on the show are:
🔴 Labour 's John McDonnell MP
🔵 Chief secretary to the Treasury Laura Trott MP
🔴 Shadow business secretary Jonathan Reynolds
⚪ Columnist Tim Montgomerie
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