Mark your calendars
The Autumn Statement is a highly-anticipated financial event in the political calendar. This year, Chancellor Jeremy Hunt has confirmed that it will take place on Wednesday, November 22 in the House of Commons.
What to expect
The government will outline its plans for tax hikes, cuts, and changes to the minimum wage in the Autumn Statement. It will also reveal the budget for key public services. However, significant tax cuts are unlikely to be part of the package.
Keeping it under wraps
As usual, the specific details of the Autumn Statement will only be revealed on the day itself. However, there are some announcements that could be expected, such as a potential cut to stamp duty and support for first-time buyers. The government is also considering a new type of individual savings account (ISA) and addressing council tax hikes.
Who is Chancellor Jeremy Hunt?
Jeremy Hunt is the Chancellor of the Exchequer, responsible for financial matters and controlling public spending. Born in London, he has had a successful political career and currently holds the position of Chancellor. Hunt was previously the Secretary of State for Foreign and Commonwealth Affairs and the Secretary of State for Health and Social Care.
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