Today’s Autumn Statement was in many ways, and for many people, a bitter pill to swallow. It saw tens of billions of pounds in tax rises and spending cuts announced alongside reduced support for energy bills. The Chancellor promised “difficult decisions”, and he delivered.
Jeremy Hunt was right to point to the significant global headwinds buffeting the British economy, not least Russia’s invasion of Ukraine, which sent energy prices soaring at a time when supply chains were already in post-Covid flux.
