The autumn statement will see around 55% of households worse off, according to a Treasury analysis. It comes after Jeremy Hunt announced a budget that contained a range of tax rises and spending cuts.
An extra 92,000 people will be paying tax above the personal allowance and 130,000 will be paying the higher rate of income tax in 2027/28, according to the analysis. Figures are yet to be provided on how many more people will be paying the top rate of income tax.
Below are the key points announced today.
