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The Latest Breaking News from Resolution Foundation

Jeremy Hunt’s austerity plans likely to create a strong sense of deja vu

The chancellor’s autumn statement is expected to include both tax increases and public spending cuts

The Guardian - UK

Jeremy Hunt's Autumn budget 2022 predictions in full - how it will hit you

What time is the Autumn Budget 2022? Will the state pension increase in 2023, how will income tax thresholds freeze and will Universal Credit and benefits rise? Will PIP be means tested? Here’s everything you need to know about Jeremy Hunt's statement

Daily Mirror

NHS will be ‘prioritised’ among tough spending decisions, Sunak tells Cabinet

The Prime Minister and his Chancellor are currently considering tax rises for millions of households and a squeeze on spending.

The Independent UK

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Higher taxes and public spending squeeze considered to fill budget black hole

Chancellor Jeremy Hunt will unveil his Autumn Statement on November 17

Wales Online

Rishi Sunak and Jeremy Hunt plan tax increases and spending cuts to fill '£50billion black hole'

"Tough decisions are needed on tax rises, as well as on spending"

Nottingham Post

Jeremy Hunt plots tax rises to fill £50bn hole in public finances

Resolution Foundation says chancellor and prime minister face ‘unpalatable’ choices in Autumn Statement

The Independent UK

Rishi Sunak to 'make everyone pay more tax' as UK warned 'it is going to be rough'

Jeremy Hunt is set to deliver the Autumn Statement next month

Manchester Evening News

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Extend UK energy price cap to hold inflation back, thinktank says

IPPR says cap for longer than six months would aid growth and allow more to be spent on public services

The Guardian - UK

Jeremy Hunt plots tax rises to fill £50 billion black hole in public finances

Resolution Foundation said the Chancellor and Prime Minister face ‘unpalatable’ choices in the Autumn Statement.

The Independent UK

Transport, police and housing could face 9 per cent cuts as Britain enters 'new era of austerity' under Rishi Sunak's plan to save £50bn

The new PM and Chancellor may choose instead for tax rises

Manchester Evening News

Police, buses, trains and housing face 9% cut in Rishi's plan to save £50billion

The new PM and Chancellor may choose instead for tax rises

Wales Online

Sunak warned public spending freeze would return services to 2010s austerity

Due to the political ramifications of such a move, the PM may opt for more tax hikes to plug the fiscal hole, the Resolution Foundation said.

The Independent UK

DWP benefits including Universal Credit and ESA could be hit with 'permanent cut'

Chancellor Jeremy Hunt is set to unveil a Medium-Term fiscal Plan on October 31

Liverpool Echo

DWP: 10 benefits could face 'permanent cut' - including Universal Credit and ESA

The Government has not committed to raising benefits in line with inflation

Nottingham Post

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Glasgow Live

DWP Universal Credit claimants with children could lose £1,000 per year

People with children claiming Universal Credit from the Department for Work and Pensions could lose up to £1,000 per year according to think tank The Resolution Foundation

Liverpool Echo

DWP Universal Credit claimants with kids could lose £1,000 a year

The DWP is being warned low income families could be hugely worse off from April

The Guardian - UK

Truss is gone. The Tory experiment is dying. Kill it off. Then don’t forgive and don’t forget

Truss and Kwarteng only extended the madness of Osborne and Cameron. And know hard years of repair lie ahead, says Guardian columnist Polly Toynbee

Daily Mirror

Exact amount your Universal Credit and state pension could be cut in April by Liz Truss

How much is the UK state pension and what is the forecast for its rise if Liz Truss scraps the triple lock? As the UK September inflation rate is confirmed to be 10.1%, we explain what it all means for pension and benefit payments

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The Guardian - UK

Hunt’s expected austerity drive – where will the axe fall?

Rebellious backbenchers, underfunding and previous pledges mean there are no easy options for the new chancellor

Daily Mirror

Seven reasons to be fearful of your softly-spoken new Chancellor Jeremy Hunt

Jeremy Hunt is an emollient, centre-right Tory - but it doesn't make the message he's delivering any sweeter. We look at why you should brace for austerity, high energy bills, and uncertainty over benefit and state pension rates

The Independent UK

Austerity cuts could be as deep as 2010, experts warn as energy bills set to hit £5,000

Chancellor Jeremy Hunt leading push for ‘austerity season two’, says Labour

The Guardian - UK

EU proposes joint gas buying and curbs on energy price spikes – business live

European Commission proposes mechanism to cap “excessive and volatile” gas price moves, and to let member countries start jointly buying gas

The Independent UK

Liz Truss U-turn will send taxes to highest levels since 1950s

But economists warn more pain yet to come with spending cuts

The Guardian - UK

Why was most of mini-budget scrapped and what happens next?

We look at the reasons why Jeremy Hunt is taking action and the economic consequences

Daily Mirror

Lame duck Liz Truss hides behind Penny Mordaunt as she refuses to face questions

Keir Starmer said 'the lady's not for turning up!' as Liz Truss went missing, then turned up for a bizarre silent 29 minutes. Penny Mordaunt was forced to insist 'the Prime Minister is not under a desk'

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