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What Jeremy Hunt's statement means for you

What Jeremy Hunt's statement means for you
The new Chancellor, Jeremy Hunt, has been making announcements about Government policy changes today.Here are some of the headlines, taken from BBC News:
- Reduced support with energy bills
- Income tax cut is cancelled
- Little chance of mortgage rates dropping immediately
- Planned increases in the duty rates for beer, cider, wine and spirits will now go ahead, rather than being cancelled
- Anyone on the major benefits - such as Universal Credit - should expect a rise in what they receive. However, that won't come until April
- Potential for spending cuts
- IR35 reforms to stay
- The change in the threshold of how much a property has to cost before stamp duty is paid from £125,000 to £250,000 will stay
- The 1.25% rise in National Insurance will still be cancelled on 6 November
Our response
On Twitter, we said:The government has created yet more uncertainty for disabled people. The lack of clarity related to benefits will do nothing to provide assurance after an already turbulent year.
Unfortunately, today’s announcements were more about reassuring markets than reassuring people.
All over the country, millions of disabled households are facing a tougher winter, with impossible choices ahead.
It would have helped today to hear the Chancellor announcing how those choices will become easier.
❌ But yet again, disabled people’s needs have been ignored.
We need the government to commit to uprating benefits in line with inflation, and increasing the payments made to disabled households to deal with rising energy bills.
If not, they condemn disabled people to continue bearing the brunt of this crisis.https://t.co/pSUeXwlTW7
It’s crucial that the government now acts on the concerns of disabled people, and restores the confidence and financial stability we need to live our lives.
— Scope (@scope) October 17, 2022
There’s only so much uncertainty we can be forced to endure.
Over to you...
What do you think about the announcements?Comments
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@Tori_Scope feel free to close my thread on the subject as we cross posted, although mortgage rate changes are as yet an unknown quantity for existing borrowers.Seasons greetings to one and all 🎄🎅🏻🌲
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Although the media speculation has heightened uncertainty it is normal for benefits uprating not to be confirmed until November.Information I post is for England unless otherwise stated. Rules may be different in other parts of UK.
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I for one am seriously worried about the near term future. Jeremy Hunt is in my opinion very strict and I’m not expecting much help from him. I also can’t afford to pay £6000 for energy after April 2023 so I hope it’s a mild winter/spring.
“This is my simple religion. No need for temples. No need for complicated philosophy. Your own mind, your own heart is the temple. Your philosophy is simple kindness.”
― Dalai Lama XIV -
Michael Foot’s magician’s watch speech comes to mind.We’re just going to baton down the hatches and wait for the coming storm to blow over, I don’t even want to think about it.
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Don't worry @woodbine
There's no harm in having 2!
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Note that he has just refused in the House of Commons to confirm that benefits are raised by CPI nor that the Triple Lock will be applied to State Pension. Equally he hasn’t said that they will not. Simply says that we have to wait until decisions have been made.Information I post is for England unless otherwise stated. Rules may be different in other parts of UK.
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Yes @calcotti, I’m very concerned.
“This is my simple religion. No need for temples. No need for complicated philosophy. Your own mind, your own heart is the temple. Your philosophy is simple kindness.”
― Dalai Lama XIV -
Hunt was previously the Health Secretary..............
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Is a worry, still higher bills with current help but at least knew was for TWO YEARS but now uncertainty after 6 months.
The warm home discount is more strict so even if fuel poor still might not get. (level of income not the absolute criteria 22/23) -
My concern is because I don’t qualify for benefits like ESA or universal credit, only pip, I miss out on a lot of extra money because pip is framed enough. W would love a politician to live on pip and enjoy a liveable standard let alone a decent one. £150 is welcomed but what about the rest, I think it’s terrible that pip that is for disabled people, is the one that excludes us from getting extra income that we desperately need. Like a lot of disabled people, we are going to have to pull in very tightly especially as our adult disabled son lives with us. The rule that pip doesn’t get extra needs to be changed.
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jinnty said:…, I think it’s terrible that pip that is for disabled people, is the one that excludes us from getting extra income that we desperately need. ..Information I post is for England unless otherwise stated. Rules may be different in other parts of UK.
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jinnty said:My concern is because I don’t qualify for benefits like ESA or universal credit, only pip,I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.If i see a question that i know the answer to i will try my best to help.
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Ada said:I am scared
Yes indeed, scary times ahead and millions of others are thinking the same thing.I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.If i see a question that i know the answer to i will try my best to help. -
If it's any consolation (and it isn't much) millions of us are in the same mess, increasing prices on a day/week/monthly basis with no extra income until next April.
I have never known a time in my 63 years when everything has been so bl**dy awful for so many of us.Seasons greetings to one and all 🎄🎅🏻🌲 -
We now know that the Sept CPI figure for the last 12 months is 10.1%.Information I post is for England unless otherwise stated. Rules may be different in other parts of UK.
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All the government are worried about is themselves. The people in government live in their own bubble. I
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I think many people feel the same way as you @Margare93222061! What changes would you like to see from the Government?
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Margare93222061 said:All the government are worried about is themselves. The people in government live in their own bubble. I
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