Autumn Statement set for 22 November

This will give the Chancellor, Jeremy Hunt, the opportunity to set out future tax plans and give some indication of whether there are likely to be any potential tax cuts before the general election, which must be held before the end of January 2025.

He will also set out departmental spending plans with pressure to address the serious problem of poor quality concrete structures in schools, which need urgent repair and have forced over 100 school closures before the autumn term starts.

A number of backbench MPs are calling for tax cuts as UK taxpayers face the highest tax burden in decades as thresholds have been frozen for five years until 2028.

The Office for Budget Responsibility (OBR) has been commissioned to prepare an economic and fiscal forecast to be presented to parliament alongside the Autumn Statement.

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