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The Autumn Statement: What is it and how will it impact us?

With many households feeling the pinch in the run-up to Christmas, we consider whether the Chancellor will play Santa or Scrooge this week.

The days are getting shorter and Christmas is approaching, but money for many is tight.

It's against this backdrop that Jeremy Hunt will deliver his Autumn Statement, his half yearly update on how the economy’s faring.

But will he be minded to play Santa rather than Scrooge? The Chancellor is likely to have some cash to play with – but what he chooses to use that for, and when, is always a political choice.

Tax cuts or more spending are on the cards, but who might benefit? And who will lose out?

In this episode of our 5 Questions On podcast, Michael Daventry asks the Βι¶ΉΤΌΕΔ's chief economics correspondent Dharshini David 5 Questions On The Autumn Statement: How will it impact us?

(Image: PA)

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7 minutes