Autumn statement top stock market takeaways
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Tax cuts, alcohol and tobacco duty changes, and housebuilding funding, what impact do we see this having on investing?
This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.
Published on 28 November 2023
It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.
Jeremy Hunt’s autumn statement is likely to leave at least a glimmer of a smile on the face of the average UK salary earner. They’ll now be pocketing an extra £450 from their annual pay packet due to a cut in National Insurance.
Pensioners were also dealt some relief from the cost-of-living crisis with the reassurance that the triple-lock will be honoured. The resulting 8.5% increase in the State Pension will stay in line with wage growth.
Jeremy Hunt announces tax cuts, State Pension triple-lock guarantee and a new lifetime pension
This won’t do any harm to companies dependent on the UK consumer. Just as well given the gloomier picture number 11 delivered on economic growth and inflation.
But in reality, we don’t think tinkering with the trillion-ish pounds that the government gets and spends each year, is enough to change the investment
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