Money Minder UK

« Return to news section
What does the Autumn Statement 2022 mean for you?  #FridayReads

In Brief: What does the Autumn Statement 2022 mean for you? #FridayReads

Friday, 18 November 2022

On Thursday 17 November, The Chancellor of the Exchequer, Jeremy Hunt, delivered the 2022 Autumn Statement. Mr Hunt laid out his plans to try and fill the gaps in the government's finances as we all struggle with rising costs and significant global economic challenges that are having an adverse effect on the UK’s economy.

He stated that his priorities are stability, growth and public services. He told us that he is providing "fair solutions" despite having to make some "difficult decisions”. Mr Hunt also said that economic stability relies on fiscal sustainability. The Autumn Statement sets out the government's plans to try to reduce the national debt over the medium term.

By reducing the servicing costs of the current debt, investing more money in to public services and supporting the Bank of England's attempts to get on top of inflation, they hope to provide businesses with the stability and confidence they need to invest and grow in the UK. Mr Hunt said this is a "very balanced package,” insisting that decisions have been made in a "fair way.”

Full article »

« Return to news section
Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.