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The chancellor, Jeremy Hunt, will give his autumn statement speech on Wednesday with the UK economy struggling for growth momentum after the sharpest rise in inflation for 41 years.
Article originally published by The Guardian. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.
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22 Nov 2023
The chancellor, Jeremy Hunt, will give his autumn statement speech on Wednesday with the UK economy struggling for growth momentum after the sharpest rise in inflation for 41 years.
After Rishi Sunak declared victory on his target to halve inflation this year, Hunt is expected to say he is turning his attention to growing the economy – with heightened speculation this could include tax cuts ahead of next year’s general election. Here are five key charts that will underpin his statement.
Managing inflation is the responsibility of the Bank of England, and has been influenced by global factors. But that has not stopped the prime minister from claiming credit after the measure fell to 4.6% in October.
Inflation had peaked at 11.1% in October 2022 – the highest annual rate since 1981 – after the Covid pandemic and Russia’s invasion of Ukraine triggered an explosion in
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