Jeremy Hunt Autumn Statement LIVE — Brits to get tax cuts and benefit rises as Chancellor looks to ‘turbo-charge growth’

  • What to expect - State pension boost

    Under the triple lock, the state pension is uprated in April by inflation for the previous September, wages or 2.5%, whichever is higher.

    Growth in employees' average total pay was 8.5% in the three months to July.

    The UK inflation rate stood at 6.7% in September.

    If the government sticks to the triple lock it looks increasingly like state pension payments will rise by 8.5% next April.

  • Statement to 'reject big government' in bid to 'back British business'

    Jeremy Hunt will "reject big government" in a bid to boost growth.

    “In today’s Autumn Statement for Growth, the Conservatives will reject big government, high spending and high tax because we know that leads to less growth, not more,” the Chancellor is expected to say.

    And he will vow to “back British business with 110 growth measures to remove planning red tape, speed up access to the national grid and support entrepreneurs raising capital.”

  • What is Jeremy Hunt expected to say?

    Mr Hunt will tell MPs at 12:30 in the House of Commons today: “After a global pandemic and energy crisis, we have taken difficult decisions to put our economy back on track.

    “We have supported families with rising bills, cut borrowing and halved inflation.

     “The economy has grown. Real incomes have risen. Our plan for the British economy is working.”

  • Benefit boost to be announced

    Benefits claimants are expected to see a cash boost in the months to come.

    Benefit claimants should receive bumps in line with September's inflation figure of 6.7 per cent.

    The Chancellor had considered choosing October's lower 4.6 per cent inflation figure as it would have saved the government around £3 billion.

  • Benefits boosts and tax cuts as the Autumn Statement takes place today

    Today, Jeremy Hunt will set out the Conservative's economic vision for the years ahead.

    The Chancellor will today deliver three cheers for cash-strapped Brits as he freezes booze duty ahead of the party season.

    A cut to National Insurance for workers and a boost in the minimum wage to £11.44 is also set to be confirmed as the government looks to "turbo-charge growth."