CHANCELLOR Jeremy Hunt is due to deliver the 2023 Autumn Statement today where he will update the Commons on the state of the economy as well as announce tax and spending decisions.
Following the statement, the shadow chancellor will respond before other MPs will have the opportunity to ask questions about what was said.
Hunt will remain in place to answer all of these questions.
Here’s what you need to know.
When is the Autumn Statement and how can I watch?
As always, Rishi Sunak will take part in PMQs at 12pm on Wednesday. Around 12.40, Hunt will then step into the despatch box to deliver the Autumn Statement.
It will be available to watch through most major broadcasters or via Parliament TV – which can be found HERE.
What can we expect from the statement?
The Chancellor (below) is set to unveil tax cuts as well as measures to boost investment and a tougher approach to welfare.
We previously told how there are to be new rules designed to push benefit claimants into work.
With an eye on the upcoming General Election, it’s widely expected that measures are intended to ease Tory anxiety over dire poll ratings.
What have opposition parties said?
So far, the SNP has called on the UK Government to rule out any further duty increase on whisky in the upcoming statement.
They have also urged the Chancellor to introduce a £400 energy bill rebate to provide “immediate help” to protect families.
Campaigners have warned that the recent decrease in inflation has not taken pressure off households struggling with soaring mortgages, rent and food bills.
Meanwhile, the shadow work and pensions secretary Liz Kendall said: “It’s very interesting to see Rishi Sunak railing against the fact millions of people are out of work due to long-term sickness, saying it’s a scandal they’ve been written off. Well, who’s done that.
“Being out of work is bad for individuals. It’s bad for businesses, and it’s bad for the economy, but it’s happened under their watch.”
She accused the Government of “desperately trying to wipe their hands for the last 13 years that they are responsible for”.
