'Short sighted' | What HR needs to know about the Autumn statement

Chancellor Jeremy Hunt his Autumn Statement in the House of Commons last week, with tax rises and spending cuts among the headline announcements.

With the country still reeling from the impact of ex-chancellor Kwasi Kwarteng’s disastrous mini-budget in September, Hunt unveiled a series of sweeping financial reforms for the UK, with the main concerns for businesses being:

• Support worth £13.6bn will be provided over the next five years to help firms with business rates, including a mixture of freezes and reliefs.

• The UK's inflation rate is predicted to be 9.1% this year and 7.4% the following year.

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