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Columns

The Tories are cutting it fine with their Autumn Statement

25 November 2023

9:00 AM

25 November 2023

9:00 AM

Just a year ago, Jeremy Hunt played Scrooge at the despatch box. In an attempt to regain market credibility following Liz Truss’s mini-Budget, Rishi Sunak’s new government announced £30 billion of spending cuts (largely pencilled in for after the election) and £25 billion of tax rises. It was a far cry from the summer leadership contest, when Truss and Sunak promised to lower the tax burden.

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