In the midst of the worst cost of living situation in 40 years, the country is now trying to figure out how the Autumn Statement is going to affect them. Bills and prices have sky rocketed over the past year, impacting thousands. On Thursday (November 17), Chancellor Jeremy Hunt announced huge tax changes, a freeze on Income Tax personal allowance and National Insurance thresholds.
The Mirror reports the budget essentially means millions of working people will be handing over more money to the taxman. For Peter Marciniak, 70, from Nottingham, it means he is actually worse off than before the announcement.
Read more: Autumn Budget calculator shows if you're better or worse off
