Hunt Takes Measures To Tackle UK Inflation

Chancellor of the Exchequer Jeremy Hunt delivers the delayed autumn statement to parliament, announcing measures to stabilize the British economy amid a cost of living crisis, including raising the National Living Wage from £9.50 an hour to £10.42 beginning next year, increasing pensions and welfare payments in line with rising inflation, introducing a higher rate windfall tax on the profits of energy firms, introducing a new “temporary tax” on companies that generate electricity, and capping rent increases in the social sector to 7% until 2024.

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