On Thursday morning, Chancellor Jeremy Hunt revealed his Autumn statement, setting out the Government’s plans to tackle inflation, steady the economy and stimulate growth. Aiming to respond to an ‘international crisis with British values,’ Hunt highlighted three key areas of focus: growth, stability, and public services.
Whilst some of the announced measures may come as unwelcome news to some, businesses can rest assured that the measures included in Thursday’s Autumn Statement have been costed and backed up by figures from the Office for Budget Responsibility (OBR). Following the announcement, the OBR predicts that the measures put in place will lead to a drop in inflation from 9.1% this year to 7.4% in 2023.
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