Jeremy Hunt announces his Autumn Statement this morning, when he will set out the tax rises and spending cuts he plans to balance the books
Not many people are expected to gain from the proposals the Chancellor, Jeremy Hunt, will announce today; most of us can expect to be worse off as a result of his tax rises and spending cuts. None the less we set out here, as he speaks, the Autumn Statement’s winners and losers.
Mr Hunt is expected to confirm that the pension triple lock will remain, which will result in state pension payments rising in line with the rate of inflation. He is also expected to allow state benefits to rise in line with inflation.
The Chancellor is also thought likely to announce further help with energy bills for pensioners and benefit claimants after the current support scheme ends in April.
The threshold for paying the 45p top rate of income tax is expected to be lowered from £150,000 to £125,000.