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UK Government planning billions in budget cuts

14/10/2022. London, United Kingdom. Prime Liz Truss appoints Jeremy Hunt as Chancellor. Official portrait of the Chancellor of the Exchequer Jeremy Hunt. Picture by Andrew Parsons / No 10 Downing Street

Eva Castanedo


Last Thursday, the governments plans for how it intends to manage the nation’s finances over the upcoming months were disclosed by Chancellor Jeremy Hunt in the autumn budget.

In the midst of a cost-of-living crisis and after the fiasco of the last Budget – delivered by former Chancellor Kwasi Kwarteng and former Prime Minister Liz Truss – the autumn Budget holds particular importance. UK citizens look for reassurance regarding the support they will receive throughout the winter. Markets want to be assured of the trustworthiness of the UK’s economy.

As government projections anticipate the most significant decline in living standards since records have been kept, the Chancellor warned that families face “real challenges”, and he went on to say that tax rises and spending cuts would help contain inflation.

Autumn Budget changes

Print press reactions to the new measures varied very little. Generally, news outlets agreed about the severity of the economic situation.

Mr Hunt refuted the claim that the uproar brought on by Ms Truss’ mini-Budget required him to increase taxes and cut spending. Although he acknowledged there had been errors, he asserted that they had been “fixed within weeks” by the Conservatives.

He claimed that the situation in Ukraine and rising energy prices were causing similar issues worldwide. Other nations affected include Germany, France, and the United States.


Featured image courtesy of Number 10 via Flickr. Image license found here. No changes were made to this image.

Final Year Journalism student at Cardiff University with a background in content-writing and magazine editorial and a keen interest in news, current affairs and fashion & lifestyle.

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