 inflation - which shows how prices of goods and services are changing - is currently at a 40-year-high of 10.1%. As a result, the Bank of England has been raising interest rates to try and cool soaring prices, with its base rate now at 3%. Autumn Statement - November 17 Rishi Sunak and Jeremy Hunt will deliver an Autumn Statement next week ( PA) Chancellor Jeremy Hunt will deliver his Autumn Statement - which is a step below a full-on Budget - on November 17. We don't know for sure what will be announced yet, but Mr Hunt and new Prime Minister Rishi Sunak are said to be drawing up plans for £33billion in spending cuts and £21billion in tax hikes by 2027. It means the country could be heading for another round of austerity policies, in what would add new pain for families who are already being crippled by the cost of living. A source from the Treasury told the Mirror that the Chancellor will be looking to "balance the books" but warned "it is going to be rough". Some measures that could be included in the Autumn Statement include a stealth tax raid on workers by freezing the threshold where you start paying Income Tax and National Insurance. There is also expected to be an announcement on whether the state pension and benefits will rise in line with 10.1% inflation. Reports also suggest Hunt and Sunak co){kind=link}
We round up all six of the biggest financial announcements and changes expected over the next few months, including when interest rates and inflation will rise again and what to expect in the Autumn Statement
There are plenty of money changes coming up over the next few months that will directly impact your wallet.
From energy prices changing again, to rising inflation and interest rates, we explain the key dates you need to be aware of.
The cost of living crisis is continuing to squeeze household finances, so it’s important to stay on top of your money.
Consumer Price Index (CPI) inflation – which shows how prices of goods and services are changing – is currently at a 40-year-high of 10.1%.