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Liverpool Echo
Liverpool Echo
Business
Dan Bloom & Dan Haygarth & Mikey Smith & Dave Burke

Fifteen key details from Autumn Statement including Universal Credit sanctions

Jeremy Hunt's Autumn Statement focused on tax rises and spending cuts.

On Thursday (November 17), the Chancellor outlined his plans for the country's economy, showing that the Rishi Sunak government will take a very different approach to Liz Truss. Ms Truss and her Chancellor Kwasi Kwarteng spooked the markets with their plans in September's mini-budget.

Mr Kwarteng's £45 billion of unfunded tax cuts feels worlds away from Mr Hunt's approach. The Chancellor announced a £30 billion package of spending cuts and £24 billion in tax rises over the next five years

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