Jeremy Hunt’s doom-filled Autumn Statement

Daily Politics from the New Statesman

The New Statesman

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🗓️ 17 November 2022

⏱️ 20 minutes

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Summary

Rachel Cunliffe, Freddie Hayward and Rachel Wearmouth dissect the Autumn Statement, which will leave Britain with highest tax burden since the Second World War.

They discuss what to make of the Office for Budget Responsibility’s bleak forecast that living standards are set to collapse by the largest amount on record, and recap how we got to this point just 55 days after Kwasi Kwarteng’s ill-fated tax-cutting “mini-Budget”.

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Transcript

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0:00.0	The New Statesman.
0:08.0	Hello, I'm Rachel Connelliff.
0:10.0	I'm Rachel Weermance.
0:12.0	And I'm Freddie.
0:13.0	And on today's New Statesman podcast,
0:15.0	we are reacting to Jeremy Hunt's Autumn Statement.
0:25.0	So, we were briefed quite heavily in advance
0:28.0	that this was going to be quite bleak
0:30.0	and we shouldn't expect any rabbits to come out of hats.
0:33.0	And my general impression from it is it was very bleak
0:37.0	and there were no rabbits out of any hats.
0:39.0	The general headline kind of vibe of this physical statement
0:44.0	which is basically a budget.
0:46.0	Can we call it a budget?
0:47.0	Let's call it a budget.
0:48.0	Is taxes are going to rise?
0:50.0	Spending is going to be frozen or is going to be slashed
0:54.0	and living standards are falling, falling, falling.
0:58.0	That's basically the initial headline response to it.
1:02.0	Let's go into a bit more detail about what was in it
1:05.0	and also why some of the measures that were in it
1:08.0	had to play out that way and why those decisions were made.
	...

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