Chancellor of the Exchequer Jeremy Hunt has made no secret of the broad thrust of Thursday’s Autumn Statement. “We are going to see everyone paying more tax. We’re going to see spending cuts,” he told the BBC on Sunday.
In the face of a looming recession and a deterioration in the public finances from Covid and energy crisis measures, reports suggest Hunt is planning spending cuts of around £35bn and to raise £20bn in tax, including by freezing income tax thresholds.
Read our sector-by-sector guide about what to expect in the Autumn Statement based on recent media reports, with links to original sources. Dods does not vouch for the accuracy of the reports.