The main events on everyone’s radars this week will be the release of Britain’s latest inflation data and the chancellor’s Autumn Statement.
Markets are predicting that the UK’s annual inflation rate will hit 11%, exceeding the 40-year high of 10.1% it hit in September.
Ahead of Thursday’s statement, Jeremy Hunt warned Britons that stealth tax increases are on the horizon. He said, “we’re all going to be paying a bit more tax, I’m afraid”. Hunt also admitted that the government will be “asking everyone for sacrifices” in the upcoming Autumn Statement.
