Just 34 days after taking on the role of Chancellor, Jeremy Hunt promised that the Autumn Statement would ensure his tax and spending plans would “stand the test of time”.
Acknowledging that the UK is currently in recession while reiterating that the Government’s three-fold priorities (stability, growth and public services) will help rebuild the economy and reduce debt, Hunt went on to announce a barrage of tax hikes, spending cuts and threshold freezes.
We’ve outlined the highlights of the statement and what it means for you and your business in our report below.