Autumn statement: What measures did the Government announce?

The transcript discusses the British economy, highlighting unexpected rises in real incomes and the government's plan to cut the main rate of employee National Insurance by two percentage points. It addresses cost of living pressures by increasing Universal Credit and other benefits by 6.7%. Alcohol duty is frozen until August next year, and the state pension will increase by 8.5% from April 2024. The government will also freeze the small business multiplier and extend the business rates discount for another year. Despite these measures, the economy is forecasted to be smaller by 2027, with growth revised down in the coming years.

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