What do we expect from Jeremy Hunt's Autumn Statement? Read here

Chancellor of the Exchequer in the UK Jeremy Hunt is anticipated to reverse most of what Kwasi Kwarteng proposed in his mini-budget on September 23. Hunt will deliver his Autumn Statement in all but title on Thursday to "get our path back to developing healthily," as he describes it.

The Treasury confirms nothing until the announcement is made public. However, we do know some of what will most likely be disclosed.
What is likely to be disclosed on Thursday?

Spending cutbacks versus tax increases

Following the recent uncertainties, Mr Hunt stated that he intends to lower the size of the so-called fiscal black hole - the difference between what the government raises and spends. This will need political decisions on how much debt is acceptable, what taxes can be raised, and what expenditures can be cut.

Tax evasion

This may be a major subject in the Autumn Statement. Stealth taxes include locking the thresholds at which persons begin paying various tax rates.

Bills for energy

The Chancellor is anticipated to unveil a cap of some sort on Thursday, but it will mean higher taxes for many households. Certain groups, such as those on low incomes and retirees, are likely to get help.

Capital Gains Taxation

Regarding tax increases, we're informed that the Chancellor believes those should bear the largest burden with the broadest shoulders. We'll have to wait and see how that plays out, though.

FAQ

1. What is the Autumn Statement?
   The Autumn Statement updates the government's economic goals based on the most recent Office for Budget Responsibility predictions.
2. When will the Autumn Statement be given?
   It will be delivered on November 16, 2022.