December 2, 2022

Autumn Assertion lays naked the UK’s dire financial outlook

Autumn Statement lays bare the UKs dire economic outlook

Autumn Statement lays bare the UKs dire economic outlook

There was no sugar coating the horrible financial forecasts within the Autumn Assertion. With a traditionally giant drop in UK family incomes, falling actual wages and a sizeable recession — all compounded by a brand new squeeze on public companies and better taxes — Jeremy Hunt had little excellent news to spotlight.

Though the chancellor skated over the worst predictions for Britain’s economic system, he revealed simply how a lot he was boxed in by the necessity to impose the largest budgetary squeeze since…

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