What does Hunt’s tax raid mini-Budget mean for you? This is Money podcast
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What does Hunt’s tax-raid mini-Budget mean to you – and will it help or hurt the economy? This is the Money podcast
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“Jeremy Hunt’s mini-budget was like the tax portion of the Corbyn Manifesto without the benefits of the extra spending.”
That was the verdict of Simon Lambert, editor of This is Money, on the chancellor’s tax hikes, which painted a miserable picture for years to come, hit higher incomes and harass small investors.
In a blizzard of hikes β via threshold cuts and secret tax freezes β Hunt worked his way through a painful fall statement, where good news was scarce.
The silver lining came from the government sticking to the pension slot and increasing benefits through inflation, but the focus was on painful years ahead.
Was this the right move? Why did Hunt feel the need to cause tax pain – and later cuts?
How did we go from Rishi Sunak as Chancellor with a margin to pass his fiscal rules to Rishi as Prime Minister with a fiscal black hole?
Georgie Frost and Simon discuss these and more questions and take a look at what the Fall Statement means for people’s finances in this podcast.
How much more tax will you pay?
How much will your energy bill increase?
Who came out best and who came out worst?
And can Simon come up with an optimistic tone to end the show?
Listen to this fall filing special tax radar to find out.