Chancellor Jeremy Hunt's Autumn Statement includes "110 measures to help grow the British economy", covering a variety of topics such as welfare and tax cuts. But what do these measures actually mean for you? Chancellor Jeremy Hunt unveiled the measures on Wednesday as part of the Autumn Statement. The statement covers an array of measures, including national insurance cuts, supporting British businesses and changes to welfare. Here are the key points and highlights from the Autumn Statement: The economy and personal finances Increased benefits: The government has now increased Universal Credit and other benefits from April 2024 by 6.7 per cent in line with September's inflation figure. This will see an average increase of $470 for 5.5 million households next year Increased Local Housing Allowance rate: Local Housing Allowance rate will increase to the 30th percentile of local market rents. This means 1.6 million households will receive an average of £800 of support next year
Chancellor Jeremy Hunt 's Autumn Statement includes "110 measures to help grow the British economy", covering a variety of topics such as welfare and tax cuts . But what do these measures actually mean for you? Chancellor Jeremy Hunt unveiled the measures on Wednesday as part of the Autumn Statement . The statement covers an array of measures, including national insurance cuts, supporting British businesses and changes to welfare .
Here are the key points and highlights from the Autumn Statement: The economy and personal finances Increased benefits: The government has now increased Universal Credit and other benefits from April 2024 by 6.7 per cent in line with September's inflation figure. This will see an average increase of $470 for 5.5 million households next year Increased Local Housing Allowance rate: Local Housing Allowance rate will increase to the 30th percentile of local market rents. This means 1.6 million households will receive an average of £800 of support next yea
Chancellor Jeremy Hunt Autumn Statement British Economy Welfare Tax Cuts National Insurance Cuts British Businesses Changes To Welfare Benefits Universal Credit Local Housing Allowance
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chancellor under pressure not to hit poorest as Autumn Statement is finalisedJeremy Hunt is under pressure not to hit welfare claimants with a double whammy of cutting benefits at the same time as cost of living (COL) payments end while also presiding over a bumper state pension increase.
Read more »
Chancellor to Deliver Autumn Statement on UK FinancesThe chancellor is set to deliver his autumn statement on Wednesday, setting out his plans for government's finances across the next year. It's Jeremy Hunt's chance to update the public on the state of the UK economy, announces changes to taxation and set out spending plans. Ministers had been managing expectations ahead of the statement, warning the finances were too tight for any large giveaways, but an unexpected fall in the level of inflation means Rishi Sunak and the chancellor have more fiscal headroom to play with. Despite inflation - at 4.6% - being significantly higher than the Bank of England's 2% target, it has halved since the start of the year - meaning Mr Sunak has achieved his goal and wants to show that to the public with tax cuts.What is the autumn statement and when will it be? There are usually two fiscal events in a parliamentary year, the first being the main budget, also known as the spring statement. The second is the autumn statement, which is meant to be an update but can still contain large announcements
Read more »
Jeremy Hunt to Prioritise Tax Cuts and Economic Growth in Autumn StatementJeremy Hunt will claim the economy is 'back on track' in an autumn statement that is expected to prioritise tax cuts and economic growth. The chancellor is expected to say the government's plan for the economy is 'working' but 'the work is not done' as he unveils measures to boost business investment by £20bn a year, cut tax and get more people into work. Mr Hunt will also set out decisions to grow the economy, reduce debt and return inflation to the Bank of England target of 2% - building further on Mr Sunak's pledge to halve inflation by the end of the year.
Read more »
Jeremy Hunt considers full state pension triple lock boost in Autumn StatementJeremy Hunt is expecting to have billions of pounds in extra 'headroom' at the Autumn Statement but the figures are changing
Read more »
Martin Lewis urges Chancellor Jeremy Hunt to overhaul ‘unfair’ savings account to help first-time buy...MARTIN Lewis is urging Chancellor Jeremy Hunt to use his Autumn Statement to overhaul “unfair” aspects of lifetime ISAs. These savings accounts are often used by first-time buyers to ge…
Read more »
Chancellor Jeremy Hunt considers cutting income taxChancellor Jeremy Hunt has not ruled out cutting income tax in Wednesday's Autumn Statement, as he insisted economic growth was his priority.
Read more »