UK Autumn Statement Round-up

UK Chancellor Jeremy Hunt delivered the Autumn Statement (Medium-term Fiscal Plan) on November 17, 2022. The plan states that the government's priorities are "stability, growth and public services," and sets a markedly different tone from the "Growth Plan" published in September, which promised to make "growth the government's central economic mission."

As anticipated, the effect of the announcement is that (as Hunt had pre-warned) everyone will have to pay a bit more tax, and many of the changes will be achieved through freezing or lowering tax thresholds as opposed to changes to headline rates.

What are the headline points for employers and workers?

We set out below some of the key points from the Autumn Statement for employers and workers. Most of the measures will require legislation via the Autumn Finance Bill 2022, or other/secondary legislation before coming into force.