Andy Walker comments on the latest Autumn Statement 2022.
“It’s worrying times for everybody right now, my concern is the cost of living going up for employees and the knock-on effect this will bring in terms of employees struggling and the pressure this will then bring on the economy and all workers both mentally and financially.
The impact on government spending will reduce spending on projects currently on the market and business growth will then slow down, with the domino effect putting everyone at risk. Unfortunately, overheads are rising across the board with energy prices and the rise in individual and business taxes means we must all knuckle down and work hard to maintain growth.
I’d like to see interest and mortgage rates lower in 2023 and when this can be tackled, we will then be able to see the government’s plans for the future – which needs to include more support for the north, more jobs and lower bills”.