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National
Dan Bloom & Lizzy Buchan & Sam Volpe

Autumn Statement 2022 predictions: How will tax rises affect you and what will happen to the state pension?

Jeremy Hunt ​​Rishi Sunak Liz Truss Autumn Statement NHS Inflation Resolution Foundation Universal Credit Income Tax No10

After Liz Truss' disastrous time as Prime Minister left the UK's economy in serious trouble, the last fortnight has been comparatively quiet.

But this won't last. This year's Autumn Statement - delayed since October 31 - is set for November 17 and the Chancellor Jeremy Hunt is expected to outline "eye-watering" tax rises and spending cuts to fill a black hole of up to £50billion left by the previous Prime Minister Liz Truss crashing the economy.

The Autumn Statement - which doesn’t have the status of a Budget, but is similar - will feature a slate of dramatic tax rises and spending cuts, with public services expected to take a serious hit and even state pensions and benefits up potentially slashed.

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