Autumn Statement an illusionary bandaid that leaves savers wanting

‘It’s the top 20% of earners who will receive the most from Hunt’s tax cuts’

clock • 4 min read

After another year of the cost-of-living crisis, persistently high inflation and interest rates that do not know if they are coming, going (or indeed sticking), all eyes were on Jeremy Hunt last Wednesday as he gave his Autumn Statement, writes Karen Barrett

There were some commendable measures, but on the whole, I was left feeling a little cold. The array of tax cuts announced may sound good and look appealing in a newspaper headline, but will any of them actually do any good in the long-term? And will they go far enough? The answer is probably no. Now that the dust has settled, advisers and consumers alike should be questioning HM Treasury for such a conspicuous lack of measures that help real people build for their future. Here's why. National Insurance cuts are just a distraction National Insurance cuts are an easy win; a quic...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Rise and fall of finfluencers: Shifting the advice landscape

Rise and fall of finfluencers: Shifting the advice landscape

Investors shift back to traditional advice as finfluencers’ popularity falls

Sahar Nazir
clock 24 May 2024 • 7 min read
PA Working Lunches: Register today to hear from Schroders

PA Working Lunches: Register today to hear from Schroders

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 24 May 2024 • 1 min read
Feel Good Friday: Financial education for the next generation

Feel Good Friday: Financial education for the next generation

RedSTART and The Money Charity on the importance of education

Professional Adviser
clock 24 May 2024 • 1 min read