When is the Autumn Statement?

Chancellor Jeremy Hunt is set to deliver his Autumn Statement today, November 22. The statement will be read in the House of Commons and is expected to take place at midday.

What is the Autumn Statement?

The Autumn Statement is an annual fiscal event where the government outlines its plans for tax hikes, cuts, and other financial changes. It provides insight into the government's economic plans for the coming year.

What Might Jeremy Hunt Say?

While the specifics are not yet known, there are several key areas that could be addressed in the Autumn Statement:

• Potential tax cuts
• Changes to the minimum wage
• Cuts to National Insurance contributions for the self-employed
• Possible increase in the threshold for employee National Insurance contributions
• Potential changes to benefits, with reports suggesting uprating based on October's inflation figure
• Possible rise in state pension payments
• No expected changes to fuel duty
• Possible changes to ISA rules and support for first-time buyers
• Addressing topics such as inheritance tax, stamp duty, council tax, business rates, and alcohol duty
• Potential cost of living payments for hard-up households

These are just some of the topics that may be covered in Jeremy Hunt's Autumn Statement. Stay tuned for more updates and analysis.