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2021–2022 inflation surge

Chancellor of the Exchequer Jeremy Hunt delivers the delayed autumn statement to parliament, announcing measures to stabilize the economy amid a cost of living crisis, including raising the National Living Wage from £9.50 an hour to £10.42 beginning next year, increasing pensions and welfare payments in line with rising inflation, introducing a higher rate windfall tax on the profits of energy firms, introducing a new "temporary tax" on companies that generate electricity, and capping rent increases in the social sector to 7% until 2024.

Autumn Statement: Jeremy Hunt sets out plan that will hit budgets of millions - BBC News

Sources:  BBC News

Changes

  1. UK Chancellor Jeremy Hunt delivers the delayed autumn statement to parliament, announcing measures to stabilize the British economy amid a cost of living crisis, including raising the National Living Wage from £9.50 an hour to £10.42 from next year, increasing pensions and welfare payments in line with rising inflation, introducing a higher rate windfall tax on the profits of energy firms, a new "temporary tax" on companies that generate electricity, and capping rises in rent in the social sector to 7% until 2024.
  2. Chancellor of the Exchequer Jeremy Hunt delivers the delayed autumn statement to parliament, announcing measures to stabilize the economy amid a cost of living crisis, including raising the National Living Wage from £9.50 an hour to £10.42 beginning next year, increasing pensions and welfare payments in line with rising inflation, introducing a higher rate windfall tax on the profits of energy firms, introducing a new "temporary tax" on companies that generate electricity, and capping rent increases in the social sector to 7% until 2024.

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