Chancellor Jeremy Hunt is expected to announce that benefits and state pension rates will rise in line with inflation in his Autumn Statement on Thursday (November 17).
However, there is still to be 'eye-watering' spending cuts, and tax rises planned, reports StokeOnTrent Live. The Chancellor will deliver his Autumn Statement at 11:30am on Thursday morning, and he has stated that the government will "be asking everyone for sacrifices".
The report is expected to confirm about £21 billion of tax rises, and £33 billion of public spending cuts each year until 2027/28.
