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    MoneyMagpie › Messageboards › Messageboards › Messageboards

Autumn Statement

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  • November 18, 2022 at 11:59 #177619
    Jasmine
    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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