The Office for Budget Responsibility judges UK to be in recession, meaning the economy has slowed for two quarters in a row
It predicts growth for this year overall of 4.2%, but size of the economy will shrink by 1.4% in 2023
Growth of 1.3%, 2.6%, and 2.7% in 2024, 2025 and 2026
UK's inflation rate predicted to be 9.1% this year and 7.4% next year
Unemployment expected to rise from 3.6% to 4.9% in 2024
The UK minimum wage for people over 23 will increase from £9.50 to £10.42 an hour
The 45% rate of income tax will be paid on earnings over £125,140, instead of £150,000
Income tax personal allowances and the various rate thresholds are to be frozen for further two years, until April 2028
National Insurance and inheritance tax thresholds are frozen for further two years, until April 2028
Tax-free allowances for dividend and capital gains tax will be be cut next year and in 2024
Household energy price cap extended for one year beyond April but made less generous. Typical bills will be capped at £3,000 a year instead of £2,500
Households on means-tested benefits will get £900 support payments next year
£300 payments to pensioner households, and £150 for individuals on disability benefit
Windfall tax on profits of oil and gas firms are to be increased from 25% to 35% and extended until March 2028
A new "temporary" 45% tax on companies that generate electricity, will be introduced from January
Government will give itself five years to hit debt and spending targets, instead of three years currently
Defence spending to be maintained at 2% of national income – this is inline with the NATO target
Overseas aid spending kept at 0.5% for the next five years, below the official 0.7% target
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