Autumn Statement: Sector breakdown and stakeholder reactions

In the face of a recession and cost-of-living crisis, UK Chancellor of the Exchequer Jeremy Hunt delivered his Autumn Statement on 17 November including plans for a £55bn fiscal consolidation, with just over half from spending cuts and the rest from higher taxes.

The headline measures included a freeze in income and other tax thresholds for a further two years to 2028, higher windfall taxes on energy firms, and slower growth in public spending. Hunt also announced that benefits and state pensions would rise in line with inflation, higher education and health spending, and continued support for energy costs.  

This report provides a sector-by-sector breakdown of the key Autumn Statement announcements and a selection of initial stakeholder reactions to the measures.

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