The Autumn statement this year delivered tough choices as the cost-of-living crisis continues.
- New forecasts point to unemployment rising by 500,000.
- A swing from announcing the biggest tax cuts in 50 years to implementing biggest fiscal tightening since 2010 in a matter of weeks.
- Average disposable incomes are forecast to fall by 7.1% over this year; equivalent to £1,700.
- Economic output will not return to its pre-pandemic level until Q4 2023, according to forecasts.
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