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The Latest Breaking News from Resolution Foundation

Chancellor told austerity is 'Tory political choice' as punishing Budget looms

AUSTERITY is a “Tory political choice”, the Chancellor has been warned days before he unveils the UK Budget – which he has already hinted will…

The National (Scotland)

Sunak insists ‘fairness’ at the budget’s heart despite tax hikes ‘for all’

The PM sought to blame global challenges rather than Liz Truss for exacerbating the financial turmoil.

The Independent UK

Rishi Sunak refuses to blame Liz Truss for looming tax hikes which will hit Scots

Jeremy Hunt will deliver his autumn statement on Thursday and has already warned the public to expect tax rises.

Daily Record

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Young people will struggle most to pay rising energy bills, report says

However, the Resolution Foundation’s Intergenerational Audit concludes over-75s will spend 8% of their total household income on bills.

The Independent UK

Energy bills: older Britons will pay more but youngest will struggle most, report finds

Cost of living crisis affecting different generations in very different ways, says Resolution Foundation

The Guardian - UK

Jeremy Hunt plots new age of austerity with sweeping cuts to police and buses

Rishi Sunak and Jeremy Hunt are meeting again today as they look at slashing public spending growth by up to £25bn a year from 2025 - while county councils plan to slash bus routes and libraries and turn off street lights at night

Daily Mirror

Autumn Statement: What to expect from Jeremy Hunt on tax rises, NI and cuts

We take a look at the facts so far and ask finance experts on what is likely to be announced.

Birmingham Post

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Autumn Statement 2022 predictions: How will tax rises affect you and what will happen to the state pension?

What can we expect from the first major economic intervention from Jeremy Hunt and Rishi Sunak which is set for November 17.

Chronicle Live

Jeremy Hunt plots tax hike for savers and businesses as Brits face longest ever recession

Chancellor Jeremy Hunt is expected to announce tax hikes and massive cuts to public spending in an attempt to wrestle the economy back under control after Liz Truss's chaotic stint in No10

Daily Mirror

Hunt's double whammy: What the Chancellor's autumn statement will mean for you

Experts predict how the drastic measures needed to fill Liz Truss's £50bn black hole will affect Britons

Wales Online

Britain facing ‘prolonged pain’ as Bank says recession could stretch into 2024 OLD

‘Everyone will be affected’: Hike in housing costs and increased inflation to hit hard

The Independent UK

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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Wales Online

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

Chancellor Jeremy Hunt will unveil his Autumn Statement on November 17

Nottingham Post

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"

The Independent UK

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

Manchester Evening News

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

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news in one place.

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The Guardian - UK

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 Independent 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.

Manchester Evening News

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

Wales Online

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

The Independent UK

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.

Liverpool Echo

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

Nottingham Post

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

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

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