Autumn statement 2022: it’s going to hurt but will it work?
Today in Focus
The Guardian
4.6 • 5.9K Ratings
🗓️ 17 November 2022
⏱️ 29 minutes
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| 0:00.0 | This is the Guardian. |
| 0:08.8 | Today, tax rises and spending cuts. |
| 0:12.4 | Just how much is the autumn statement going to hurt? |
| 0:15.6 | The UK has had a hair-raising front row seat. |
| 0:19.6 | Of the months of preparations, the Russian President Vladimir Putin has launched a major military operation against Ukraine. |
| 0:25.6 | So from October, the energy price cap will increase to $3,000,000. |
| 0:31.6 | This year, the global economy has been on a roller coaster. |
| 0:35.6 | And the UK has had a hair-raising front row seat. |
| 0:39.6 | The US military operation against Ukraine. |
| 0:43.6 | So from October, the energy price cap will increase to $3,549,000. |
| 0:47.6 | And that's a huge rise. |
| 0:49.6 | The cost of the crisis has been staring us in the face for six months now. |
| 0:53.6 | And it's a real problem for people struggling with their bills. |
| 0:57.6 | And that was all before being dealt with a major economic blow. |
| 1:01.6 | Trustonomics. |
| 1:03.6 | But I'm not going to cut the additional rate of tax today, Mr Speaker. |
| 1:07.6 | I'm going to abolish it altogether. |
| 1:09.6 | For me, for the budget, the... |
| 1:11.6 | We will have the high... |
| 1:13.6 | Let's trust and quasi-quartengues, brief stint in Downing Street, quite simply, freaked the markets out. |
| 1:19.6 | And that damage, compounded by global factors, is proven to have a lasting effect. |
| 1:25.6 | Commentators have forecasted an economic black hole. |
... |
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