The Autumn Statement - unpicked
Chancellor Jeremy Hunt has outlined plans to tackle rising prices and restore the UK's credibility with international markets. But how will the Autumn Statement affect you?
With the cost of living rising at its fastest rate for 41 years, this was always going to be a tough winter for many people. And now - as the Chancellor confirms that the UK economy is officially in recession - the outlook is decidedly gloomier.
But - in what was the biggest financial statement in years - Jeremy Hunt has outlined plans designed to tackle rising prices and restore the UK's credibility with international markets. It'll mean further pain for many, but the Chancellor argues that the most vulnerable in society are being protected.
So what are some of the ways the Autumn Statement will affect you? And has Jeremy Hunt restored the UK's financial credibility just two months after Kwasi Kwarteng’s disastrous mini-budget?
The Βι¶ΉΤΌΕΔ’s Economics Correspondent Dharshini David has the answers to 5 Questions on... the Autumn Statement.
Image Credit: Reuters/UK Parliament
