![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/jeremy-hunt-to-reveal-benefit-tax-changes-in-rishis-very-difficult-budget/&media=https://uknews.evprotec.com/wp-content/uploads/2022/11/Plain-no-tabbing-2022-11-16T153043.270.jpg&description=JEREMY Hunt is set to unveil tax rises, benefit changes and spending cuts to curb inflation in this week's autumn budget statement. The Prime Minister said inflation was "the enemy we need to face down" after official figures showed it reached 11.1% in October, the highest rate for 41 years. But he warned that would require "difficult decisions" as Jeremy Hunt prepares for Thursday's autumn statement. The Chancellor is expected to announce tax hikes for millions of workers already facing a rise in the cost of living as a result of soaring prices and the impact of rising interest rates on mortgages. But the PM insisted that once the "strong foundation" of the Government's approach had been established in Mr Hunt's statement, there would be a "brighter future". Read our autumn budget 2022 live blog for the latest news... Inflation is a measure of how much goods and services are worth in a given period. This means how much the price of goods, such as food or televisions, and services, such as haircuts or train tickets, has changed over time. It is known as a "backward looking measure", which means it indicates what has happened over the past year. That obviously means it does not predict the future. The rate of inflation is published each month by the Office for National Statistics (ONS). It's a non-ministerial department which reports directly to Parliament. Those on benefits have expressed their fears Jeremy Hunt's expected announcement will come too late. Phoenix, a mother-of-four from Crystal Palace told the PA news agency: "None of the people have hope. We are like the actual walking dead... so many people (are) saying the same thing. "The struggle is real but should we really be in this turmoil?"Phoenix said she does not expect Thursday's announcement to make a real impact and her expectations of significant help from the Government are low. "All the important things we need to survive are slowly being taken away," she said. "As far as I'm concerned, we aren't li){kind=link}
JEREMY Hunt is set to unveil tax rises, benefit changes and spending cuts to curb inflation in this week’s Autumn Budget statement.
The Prime Minister said inflation was “the enemy we need to face down” after official figures showed it reached 11.1% in October, the highest rate for 41 years.
But he warned that would require “difficult decisions” as Jeremy Hunt prepares for Thursday’s autumn statement.
The Chancellor is expected to announce tax hikes for millions of workers already facing a rise in the cost of living as a result of soaring prices and the impact of rising interest rates on mortgages.
But the PM insisted that once the “strong foundation” of the Government’s approach had been established in Mr Hunt’s statement, there would be a “brighter future”.