The usual raucous Budget-day cheers were absent ✒️ katyballs for ipaperviews
Boris Johnson and Theresa May listen as Chancellor of the Exchequer Jeremy Hunt delivers his Autumn Statement . As the Chancellor warned the UK was already in a recession and announced a number of tax rises, the usual raucous Budget-day cheers were absent.
More uncomfortable moments came when Hunt announced tax rises across the board. The Office for Budget Responsibility forecast that accompanied the statement points to how difficult the next few years will be – predicting the biggest fall in living standards since records began. Rishi Sunak and Hunt are trying to undo the idea put forward in Truss’s not-so-mini-Budget that the Tories are a party that protects the rich first. That statement of intent can be seen in the way that, while Truss and Kwarteng tried to scrap the top rate of tax altogether, theyThroughout the address, Hunt said the Conservative Party will always help the most vulnerable – raising benefits in line with inflation is meant to be read as an example of that.
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