What does Hunt’s tax raid mini-budget mean to you – and will it help or hurt the economy? It’s the Money Podcast
“Jeremy Hunt’s mini-budget was like the tax part of Corbyn’s manifesto without any of the benefits of extra spending.”
That was the verdict of This is Money editor Simon Lambert on the Chancellor’s tax hike spree that painted a miserable picture for years to come, hit high earners and hammered retail investors.
In a blizzard of upsides — through threshold cuts and stealthy tax freezes — Hunt worked his way through a painful fall statement, where good news was thin on the ground.
The silver linings came as the government maintained the triple pension lock and increased benefits in line with inflation, but the focus was on the painful years ahead.
Was it the right decision? Why did Hunt feel the need to inflict fiscal pain – and spending cuts later?
How did we go from Rishi Sunak as Chancellor with a margin to stick to his fiscal rules to Rishi as Prime Minister with a fiscal black hole?
Georgie Frost and Simon discuss these questions and more and examine what the fall statement means for people’s finances on this podcast.
How much more tax will you pay?
How much will your energy bills increase?
Who did the best and who did the worst?
And can Simon find a note of optimism to end the show?
Listen to this special on the fall tax raids to find out.
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