Published by Alexander Bueso on 6th November 2022
(Sharecast News) - The key points of the autumn statement must be submitted to the Office for Budget Responsibility by Monday morning. The Guardian understands that the Chancellor will set out tax increases and spending reductions totalling £60bn with cuts of at least £35bn. Decisions were also expected within days on whether to raise benefits in line with inflation and as regards changes to the pensions triple lock. Among the Chancellor's concerns is ensuring that the Treasury has enough 'headroom' to deal with other economic shocks and that its plans are credible to financial markets. - Guardian