Despite the cut in National Insurance, taxes will be higher at the next election than they were at the last. Indeed the tax burden is higher than at any time since the Second World War. ITV News' experts examine the chancellor's autumn statement. Millions of people in the UK are set to benefit from changes set out by the chancellor in his autumn statement.
The chancellor, seeking to grow the supply side of the economy, also set out a raft of measures aimed at boosting business and growing the economy. “Taken together we will increase business investment in the UK economy by around £20 billion a year over the next decade and get Britain growing,” Mr Hunt said. But Shadow Chancellor Rachel Reeves said Britons are "worse off" after 13 years of Conservative government and even with the fall of inflation, "prices are still rising in the shops, energy bills are up and mortgage payments are higher". “The Conservatives have become the party of high tax because they are the party of low growth
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