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The Telegraph Profile picture
@Telegraph
Nov 17, 2022 • 13 tweets • 6 min read • Read on X
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🔴 Chancellor Jeremy Hunt has now delivered the Autumn Statement — and with it revealed his plan to plug a £55bn hole in the public finances

Thread 🧵
telegraph.co.uk/business/2022/…
🔴 Mr Hunt is filling just under half of this black hole with a package of tax hikes worth around £25bn.

'We want low taxes and sound money, but sound money has to come first,' he told MPs
telegraph.co.uk/business/econo… Image
🔴 The rest of the hole – about £30bn – will come from spending cuts.

Yet Mr Hunt was keen to stress he would be protecting key parts of public services, telling MPs: 'To be British is to be compassionate'
telegraph.co.uk/business/econo… Image
🔴 The spending cuts include:
💷 Personal taxation = £5bn
💷 Windfall tax = £10bn
💷 Business taxes = £10bn
💷 Whitehall efficiencies = £22bn
💷 Other savings = £8bn
telegraph.co.uk/business/econo…
🔴 But could you suggest a better solution?

Explore policy options below to try to reduce the deficit for yourself with The Telegraph's #AutumnStatement tool 👇
telegraph.co.uk/business/econo…
🔴 But who are the winners and losers of the Autumn Statement?

Find out here 👇
telegraph.co.uk/tax/news/winne…
🔵 Winners

House buyers
The stamp duty cuts announced in the mini-Budget will last until March 31 2025
telegraph.co.uk/tax/news/winne… Image
🔵 Winners [continued]

Pensioners
Mr Hunt confirmed that the state pension triple lock would remain in place and state pension payments will rise by 10.1pc next April, based on September's inflation figure
telegraph.co.uk/tax/news/winne… Image
🔵 Winners [continued]

Energy bill payers
The Chancellor announced how the energy support package would work after the current scheme ends in April. Average bills will be capped for 12 months at £3,000
telegraph.co.uk/tax/news/winne…
🔴 Losers

High earners
Mr Hunt confirmed that the threshold for paying the 45p top rate of income tax would be lowered from £150,000 to £125,140
telegraph.co.uk/tax/news/winne… Image
🔴 Losers [continued]

Taxpayers
The freeze on income tax and National Insurance thresholds – currently frozen until 2025-26 – has been extended by two years until April 2028
telegraph.co.uk/tax/news/winne… CREDIT: MAJA SMIEJKOWSKA/RE...
🔴 Losers [continued]

Investors
The tax-free dividend allowance will be reduced to £1,000 in 2023-24 and then to £500 in 2024-25
telegraph.co.uk/tax/news/winne…
🔴 Don't miss the key moments from the Autumn Statement and what it means for you ⤵️

telegraph.co.uk/business/2022/…

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The Telegraph Profile picture
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🇺🇦 Elderly and vulnerable Ukrainians were taken into Russian territory, stripped of their citizenship, forced to give blood and left in agony from botched medical procedures, a Telegraph investigation has found.

https://t.co/Pl4qbxCYAAtelegraph.co.uk/world-news/202…
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🔴 Elderly and vulnerable Ukrainians were taken into Russian territory, stripped of their citizenship, forced to give blood and left in agony from botched medical procedures.

https://t.co/nYk0u1bDJntelegraph.co.uk/world-news/202…
A Helping to Leave volunteer assists in the evacuation of residents from flooded ares of Kherson. CREDIT: Helping to Leave
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https://t.co/Y3PhBrtsNMtelegraph.co.uk/world-news/202…
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The Telegraph Profile picture
Jul 17, 2023
🇺🇦 Exclusive: Alexander Lukashenko implicated in alleged war crime as boys and girls as young as six are taken to camps in 'forced deportation'

Read this exclusive in full from @sophia_yan, @Nat_Vasilyeva, and @VerityBowman here 👇 Image
@sophia_yan @Nat_Vasilyeva @VerityBowman It is estimated that 2,150 Ukrainian children have been taken to at least four camps in Belarus since September 2022, with numbers expected to reach 3,000 by autumn this year.
Three of the “camps” are in the Minsk region, namely the Ostroshitsky Gorodok Sanatorium, the Zubrenok national children’s educational and health centre, and Dubrava children’s camp. The fourth site is the Golden Sands Sanatorium in the Gomel region. Image
Read 5 tweets
The Telegraph Profile picture
Jun 25, 2023
🔴NEW: Russia coup latest: Wagner forces retreat as Prigozhin faces exile in Belarus

Follow all the latest updates on our Ukraine liveblog here: https://t.co/8hDD4Md9S3telegraph.co.uk/world-news/202…
🔴NEW: The US was concerned about what would happen to Russia’s nuclear weapons during the armed coup staged by Yevgeny Prigozhin, an official has said.

Follow all the latest updates on our Ukraine liveblog here: telegraph.co.uk/world-news/202…
🇷🇺A mutiny that started over differences about how the Kremlin could win the war may end what little chances of victory Russia still has.

Read the full analysis here: telegraph.co.uk/world-news/202…
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