Autumn statement: What does it mean for you?
This Is Why
Sky News
4.0 • 552 Ratings
🗓️ 22 November 2023
⏱️ 33 minutes
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Summary
But the chancellor also announced new tougher measures for job seekers, saying those who fail to find work after 18 months of "intensive support" will be given mandatory work placements. Those who do not engage with the process for six months will lose their benefits altogether.
On the Sky News Daily, host Niall Paterson sits down with Ed Conway, our economics and data editor, and Sam Coates, our deputy political editor, to analyse the chancellor’s statement and what it means.
Producer: Emma Rae Woodhouse
Promotions producer: David Chipakupaku
Editor: Philly Beaumont
Transcript
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| 0:00.0 | I'm Neil Patterson. Welcome to the Sky News Daily, where you'll find us on yet another field trip to our Westminster studio, at this time for the Chancellor's Autumn statement. |
| 0:09.5 | Now, just outside this almost noise-proofed room, our combined political economics and business teams are trying to make sense of it all on occasions such as this. |
| 0:19.1 | It is more often not what was said at the dispatch box, but |
| 0:23.1 | what emerges from their analysis, that's important. And I suspect that that will be the case |
| 0:28.2 | today. We are just waiting for our Deputy Political Editor Sam Coates and Ed Conway, our |
| 0:33.1 | economics editor, to put down their devices, scrape themselves off the ceiling, and sit down in front of the microphones. |
| 0:43.4 | Oh, and look who it is. Right, come on. We are pushed for time, Sam. The mics are live. Can you sit over in that corner over there without |
| 0:49.2 | pouring your coffee all over the equipment? That would be nice. You didn't see ed conway on your way into the |
| 0:54.7 | studio did you um so and he has joined us right now of course ed is in the studio ed's good to see you |
| 1:00.1 | hello how are you i'm fine i'm sam of course arriving first of course the political correspondence |
| 1:04.2 | always ahead of the economics guys um he's got less going on so he's just you know swanning around |
| 1:08.5 | do you know what guys the one person we need to hear from first, before we get into it, |
| 1:13.4 | the Chancellor, let's have a quick listen to the way, in fact, he concluded his autumn statement |
| 1:18.3 | to the comments. |
| 1:19.6 | In the face of global challenges, we've halved inflation, reduced our debt, and grown our economy. |
| 1:26.3 | As a country, we're sticking to a plan that's working, and this autumn statement for growth |
| 1:30.3 | will attract 20 billion pounds additional business investment a year in the next decade. |
| 1:37.3 | Bring tens of thousands of people into work and support our fastest growing industries |
| 1:41.3 | in a package which leaves borrowing lower, debts lower and keeps |
| 1:46.8 | inflation falling. |
| 1:48.5 | We are delivering the biggest business tax cut in modern British history, the largest ever cut |
| 1:56.2 | to employee and self-employed national insurance, and the biggest package of tax cuts to be implemented since the 1980s, |
... |
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