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The Independent UK

National

Andrew Woodcock and Rob Merrick

UNBELIEVABLE: Jeremy hunt statement sets scene for grim fall in living standards - The Untold Story

Jeremy Hunt Liz Truss Paul Johnson Rachel Reeves Rishi Sunak Recession Inflation NHS Second World War

BBC

Britain is facing the sharpest fall in living standards for generations, as the chancellor confirmed the UK is now in a recession expected to last until 2024.

In an autumn statement designed to rein in inflation and restore financial stability, Jeremy Hunt deployed stealth taxes totalling £25bn and £30bn of cuts to public services to fill a £55bn gap in the government’s books.

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