Autumn Statement 2022 Report

On Thursday 17 November, The Chancellor of the Exchequer, Jeremy Hunt, announced his Autumn Statement to the House of Commons with a plan to tackle inflation and rebuild the UK economy.

Hunt’s Autumn Statement takes a balanced approach to repair the shortfall in the Nation’s finances, whilst prioritising three things: stability, growth and protecting vital public services like health and education.

The plan included changes to:

• Threshold for paying the additional rate of income tax
• Capital Gains Tax free allowance
• Tax free allowance on Dividends

Along with measures to support the most vulnerable with the cost of living crisis, and a balanced plan for public spending to enable growth whilst reducing the country’s debt.

There was a lot to digest, so we’ve put together our Autumn Statement 2022 Report, with details of the current economic background, all the measures announced by The Chancellor and what they could mean for you.