The Treasury say nothing confirmed until the statement is announced. But we do know some of what is likely to be announced.After the uncertainty of the last few weeks, Mr Hunt said he wants to reduce the size of the so-called fiscal black hole - the gap between what the government raises and spends. This will involve political choices about how much debt is acceptable, what taxes can go up and what spending can be squeezed.
But a number of Conservative MPs are unhappy at the tax increases we are likely to see - so there could be some political pushback ahead.This could be a big theme of the Autumn Statement. Stealth taxes involve freezing the thresholds at which people start paying different rates of tax. That is not going to happen under Rishi Sunak, because the government is worried about the cost. Instead there will be a more targeted approach from April.
Labour wants loopholes closed. At the moment, if oil and gas companies can offset their tax liability if they invest profits in the UK. There was controversy when it emerged Shell had not been liable for any Windfall Tax, despiteSocial care It is expected that on Thursday, the chancellor will postpone the introduction of the social care cap for at least two year - roughly the period covered by the spending review. That would kick the decision until after a general election and opens the door to the cap being scrapped altogether.This is one of the biggest spending decisions the Treasury has been weighing up.
Prepare vaseline
End of the TV licence hopefully
That unless I’m a rich Tory donor I’m likely to struggle?!?
Let me guess..The little people are once again going to pay for the screw ups of the maladministration of OUR taxes by paying more damned taxes to the rich.
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Jeremy Hunt Reveals That Everybody Will Be Paying More Tax After His Autumn StatementBREAKING: Jeremy Hunt Reveals That Everybody Will Be Paying More Tax After His Autumn Statement I bet the least well off will be paying a higher percentage of their salary more than the wealthiest despite them being the cause of the problems Jeremy_Hunt Conservatives When he says 'everyone', he doesn't mean Tory party donors. Just the people who voted for them and can't afford it! Well for two years, then the Conservatives will be history, a very nasty part of history
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What we know so far about Jeremy Hunt's Autumn Statement, from tax rises to spending cutsAll Government departments, including health and defence, are set to be told they will not see any increases on their 2021 budgets emsferg Keynes would say the richest 1% should shoulder hugely more of a tax rise while keeping taxes for the lower classes, and 99%. The Corporations, Energy Companies, Nobility, and Upper Classes have done incredibly well since the Pandemic via wealth extraction of the State & Masses.
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Autumn Budget 2022: When is it and what it means for youChancellor Jeremy Hunt is set to make his Autumn Statement later this week. The rich will get richer and the poor will get poorer I know what the Conservatives can expect in the polls 📉 I expect f all from him
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Source: BBCNews - 🏆 3. / 97 Read more »