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Chancellor Rishi Sunak’s autumn budget was well flagged in the media. Indeed the government was reprimanded in the House of Commons by the Speaker, Sir Lindsay Hoyle for the unprecedented leaking of specific Budget details on Monday.
Taxation & Wages
Whitehall departments to receive rise in overall spending, totaling £150bn over the course of this Parliament
Children and education
The planned hike in national insurance will impact anyone above £30k and clearly this has been seen as sufficient for now. By handing 6% pay rises (£9.50/ hr) to the 7% (2m people) of the workforce on the minimum wage the Chancellor has ensured the lowest paid are not seeing a pay cut in real terms.
There is nothing in the Autumn Budget too earth shattering and this should build on the Chancellor’s reputation as having a steady hand in what remain quite testing times.
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