Just 55 days after the UK’s then-chancellor Kwasi Kwarteng stood at the despatch box announcing £30 billion worth of tax cuts, on Thursday (17 November) his successor Jeremy Hunt outlined tax rises and spending cuts to the tune of £55 billion in one of the starkest U-turns in British political history.
In the eight weeks since Kwarteng’s mini-budget sent his political career – and the country’s economy – into freefall, Hunt has looked to limit the fiscal damage by first ditching almost all of his predecessor’s policies and today outlining his own economic plan.
But now he has set out his “balanced path to stability”, what does Hunt’s Autumn Statement mean for travel sector staff and businesses, and how have industry experts reacted?
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