Autumn statement 2022: experts react

Contributing sentiments towards policy:

55% : So too, will the threshold for national insurance (also £12,570).
53% : Filling 'black hole' will hit growth Phil Tomlinson, professor of industrial strategy, deputy director centre for governance, regulation and industrial strategy, University of Bath
50% : Instead, the chancellor appeared to be announcing more spending on health, social care and education, while promising continued help with energy costs and the cost-of-living crisis.
50% : More people will also pay the 45% rate as that threshold drops from £150,000 to £125,140. From April 2023, households will also see a bigger rise in council tax bills, as local authorities are given the freedom to increase them by up to 5%, which includes 2% to meet social care costs.
42% : To do this, the chancellor has announced a combination of public spending cuts and tax rises.
42% : This means that as incomes rise (even if not by enough to counter the impact of inflation) more people who were previously non-taxpayers will start to pay tax, and more basic-rate taxpayers will slip into the higher-rate bracket.
37% : Starting with income tax, the thresholds of personal allowance (£12,570) and higher-rate tax (£50,270) will now remain frozen until April 2028.

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