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Autumn Statement

This topic has 1 reply, 2 voices, and was last updated 1 year, 5 months ago by Marc Crosby.

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November 18, 2022 at 11:59 #177619

Jasmine Birtles
Keymaster

So we’ve had a bit of time to digest the Autumn Statement – here’s some of the info that was actually announced by Jeremy Hunt (ugh) https://www.moneymagpie.com/make-money/autumn-statement-2022-the-key-points, but the devil is in the detail that wasn’t actually said at the time…it was in the written material that we get afterwards.

The big baddie in that was the fact that they’re planning on putting up fuel duty (petrol and diesel) by a whopping 23% in March. That’s going to mean EVERYTHING will go up because of transport costs.

This is nuts! We’re in a recession and should be trying to help the economy, not hinder it. It will, of course, massively increase inflation too.

What do you think?

November 21, 2022 at 10:33 #177694

Marc Crosby
Keymaster

It’s very scary – a pub near me that has been open for years has had to close down. The mix of inflation and bills going up, combined with customers having less spending power has made the situation impossible for them. Genuinely worrying how many other businesses will be in the same position.
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