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The Latest Breaking News from Resolution Foundation

The British people ‘just got a lot poorer’, says IFS thinktank

UK has scored ‘a series of economic own goals’, Institute for Fiscal Studies says after autumn statement

The Guardian - UK

Hunt’s budget will mean 19 years of wage stagnation, warns thinktank

Resolution Foundation says had wages grown at the same rate as before 2008, annual pay in 2027 would have been £15,000 a year higher

The Guardian - UK

Worst-hit families will be hit with £2,000 energy bill rise as taxes soar, study finds

New research by The Resolution Foundation also found that workers are £15,000 worse off a year on average because of an unprecedented wage downturn which will see salaries drop to 2008 levels for the next five years

Daily Mirror

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Jeremy Hunt slams Tory MPs attacking tax rises: ‘Nothing Conservative about ducking difficult decisions’

Chancellor hits back at MPs attacking his £24 billion of tax rises

Evening Standard

Average families are now 3.7% worse off after Jeremy Hunt's autumn statement

The hit to 'middle earners' is higher than it is for the wealthiest, who will be 3% worse off

Wales Online

Spending cuts may prove undeliverable, analysts warn Chancellor

Chancellor's autumn statement criticised by some fellow Tory MPs as well as by the Resolution Foundation think tank

Wales Online

Five charts that will shape the UK’s autumn statement

Plans are afoot to cut government borrowing with the economy on the brink of recession and the highest inflation for decades

The Guardian - UK

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What we can expect from Thursday’s autumn budget

Tax rises, spending cuts and tightening of belts predicted ahead of Chancellor Jeremy Hunt's statement

Wales Online

What can we expect from Thursday’s autumn budget?

The autumn statement will mark an abrupt about-turn on Kwasi Kwarteng’s disastrous mini-budget.

The Independent UK

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

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

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Daily Mirror

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

Birmingham Post

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.

Chronicle Live

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.

Daily Mirror

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

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Wales Online

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

The Independent UK

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 Guardian - 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

Daily Mirror

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

The Independent UK

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.

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"

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