![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/jeremy-hunt-clobbers-all-brits-with-barrage-of-taxes-and-cuts-as-uk-in-recession/&media=https://uknews.evprotec.com/wp-content/uploads/2022/11/1_Jeremy-Hunt-Autumn-Budget-Statement-2022.jpg&description=Jeremy Hunt has announced tens of billions of pounds of cuts and stealth tax rises in the Autumn budget statement - from council tax and income tax to energy bills, minimum wage and the state pension and benefitsAutumn Statement: Hunt announces rise in education fundingJeremy Hunt today unleashed a barrage of tax hikes on Brits and a wave of cuts that critics will say herald a new era of austerity. The Tory Chancellor announced tens of billions of pounds in cuts and stealth hikes - which will create misery for millions - in the Autumn Statement. And he said the UK is now in recession, based on the Office for Budget Responsibility forecasts. The watchdog said GDP was to grow by 4.2% this year then falls 1.4% in 2023, before rising again by 1.3%, 2.6% and 2.7% in the following three years. Average Council Tax bills will soar over £2,000 for a Band D home in April, as Mr Hunt alluded to more "flexibilities" to raise bills above a 2.99% cap. And energy bills will rocket by £500 to an average £3,000 a year from April - nearly £2,000 higher than they were in 2021 - as the Energy Price Guarantee is made less generous. Labour's Rachel Reeves blasted: 'The Conservatives have picked the pockets of nurses and wallets of the entire country'. In a bid to protect the vulnerable, Mr Hunt announced new cost-of-living payments worth £900 for benefit claimants, £300 for pensioners and £150 for the disabled next year. But that'll create a 'cliff edge' where millions of working poor get nothing - and there will be no more universal £400 cost-of-living payments to fill the gap. The minimum wage will rise 92p an hour to £10.42 (9.7%), and state pension and benefits will rise 10.1% with inflation from April. Jeremy Hunt's Autumn budget 2022 predictions in full - how it will hit you Jeremy Hunt announcing the Autumn budget statement ( Sky News) But Mr Hunt planted a field of landmines to hit hard-working Brits and knackered public services from 2025 - after he might be out of office. He ex){kind=link}
Jeremy Hunt has announced tens of billions of pounds of cuts and stealth tax rises in the Autumn budget statement – from council tax and income tax to energy bills, minimum wage and the state pension and benefits
Jeremy Hunt today unleashed a barrage of tax hikes on Brits and a wave of future cuts that critics will say herald a new era of austerity.
The Tory Chancellor announced tens of billions of pounds in cuts and stealth hikes – which will create misery for millions – in the Autumn Statement.
And he said the UK is now in recession, based on the Office for Budget Responsibility forecasts. The watchdog said GDP was to grow by 4.2% this year then falls 1.4% in 2023, before rising again by 1.3%, 2.6% and 2.7% in the following three years.
Household disposable income will plummet 7.1% in real terms over this year and next year put together, the OBR watchdog said – the biggest drop since records began in 1956. It will still be below pre-pandemic levels by 2028.