AUTUMN STATEMENT LIVE: Hunt hikes income taxes and CGT and cuts spending

AUTUMN STATEMENT LIVE: Hunt’s hikes include pulling more into 45p tax, freezing tax thresholds and lowering CGT allowance as he outines fiscal rule

  • Jeremy Hunt expected to launch tax hikes and spending cuts across the UK
  • ONS figures published on Wednesday showed UK inflation has reached 11.1% 

Chancellor Jeremy Hunt is unveiling his Autumn Statement, with two new fiscal rules to balance the nation’s books. 

Tax hikes and spending cuts are on the cards as inflation soars and the cost of living bites and the Autumn Statement is being published as the UK faces major economic challenges. On Wednesday, fresh data from the ONS revealed that UK inflation surged to 11.1 per cent last month, which is the highest level since 1981.  

Read the Thursday 17 November Autumn Statement Live blog below. 

> If you are using our app or a third-party site click here to read Business Live