Autumn Statement 2016: Financial upheaval ahead for families

Autumn Statement 2016: Financial upheaval ahead for families
 

Some experts are predicting a "quiet" Autumn Statement - but significant upheaval for family finances is already coming down the line.
The freeze on major benefits, which continues until 2020, may bite harder as inflation is set to accelerate - driving up the cost of living.
Tax changes are planned but are yet to be put in place.
Chancellor Philip Hammond may decide to bring forward some of those moves and delay or reverse others.
Tighter belts The main working age benefits and tax credits were frozen in cash terms for four years from April 2016. That includes entitlements such as... read more

 
18 November 2016 in Business, Views: 48
Source: BBC
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