The Chancellor delivered his Autumn Budget outlining the government's plan to get the economy back on track, but what impact will that have on young people?
The budget featured heavy tax rises and spending cuts in order to fill a £54billion 'black hole' in the UK economy and tackle the cost-of-living crisis. Today the independent Office for Budget Responsibility (OBR) warned that the disposable incomes of UK households would fall by 7.1% over the next two years.
The budget included some measures that would impact young people and their finances, including a rise the National Living Wage, and keeps some measures introduced in former-Chancellor Kwasi Kwarteng's disastrous mini-budget, like the reversal of April's National Insurance rise and a rise in the stamp duty threshold for first-time buyers.
