Jeremy Hunt's sombre Autumn Statement

Contributing sentiments towards policy:

65% : And in all of the discussions after the Autumn Statement, you could see the Labour Party desperately trying to avoid talking about Brexit, even though you look at the economic outlook for the forecast in 2023 for all European economies, the UK has by far the worst outcome of any European country.
60% : George ParkerDescribing Brexit as an idiosyncrasy, as an opaque way to describe of what is after all now, the centrepiece of our economic and foreign policy.
54% : But you know, the elephant in the room and a contributory factor to all this without any shadow of a doubt is Brexit.
53% : And as Jim just said, they've got this big amount of money they want to borrow to invest in infrastructure as part of the Green New Deal.
52% : And it's that rise in the average rate of tax -- even though the tax rate stays the same -- that people will feel.
51% : So George, when you hear that in talking about idiosyncrasies of different countries, that may be the nearest we'll get to an acknowledgement that the referendum in 2016 has added a drag on the UK's growth, and it's been many people involved in the Bank of England on the Monetary Policy Committee saying this week actually Brexit has been an extra anchor on my wheel at.
50% : The OBR in its report talks about the first signs of a significant adverse effects on trade as a result of Brexit.
50% : It doesn't all have to be through income tax.
50% : So, for example, they could have gone the full way and they closed rates of tax on income from working income from wealth.
50% : In many ways it's a win for Labour that the Conservatives have done the before-tax extension.
50% : The one massive thing that they would do is that they would borrow £28 billion a year for capital investment in a kind of green new deal.
49% : So as people's pay goes up, they will pay more of their pay in tax than they used to.
48% : And then if the UK economy or UK as a whole is poorer, then we can't afford the public spending plans on the tax basis that we had before.
48% : But in the spring, Rishi Sunak, when he was chancellor, wrote out a relatively slow, and as you went from tax, and yesterday Jeremy Hunt brought out a windfall tax, although only on gas, but also on electricity producers, which is actually bigger than the one envisaged by Labour.
48% : The last couple of policies that the French paid them they would had private schools with ???
46% : And then the other element though, I would say, is that taxation point you just heard Rachel Reeves talking about, because while they made kind of steps in a direction towards wealth tax, the bulk of this really was about taxes that are gonna hit middle earners and high earners as well.
45% : But actually when they get a look at the bottom line, it doesn't go up as much as they thought because more is being taken in tax.
45% : And I think the idea is that it will force Labour to have to say we will raise taxes in order to pay for our programme.
45% : Well, they think for now is that they can say broad statements such as we would try and further equalise the tax treatment of money that derives from shared dividends or from being a landlord would try and narrow the gap between those lower levels of taxation than income tax paid on people's earnings.
44% : Obviously the people being the top rate of tax that has been lowered.
43% : But when is that going to be more detail from Labour on what they've turned off as is, Carys said, there's still a lot of uncertainty about the public finances, but on these big questions about tax and investment public services, we have not got that much of an idea of what a Labour government would do and I think in the next 12 to 18 months the pressure is just gonna gradually increase on them to say yes, but what's your alternative?
42% : So that question at the next election, how are you going to make public services of a standard that's acceptable to the British people without raising taxes is going to be a difficult question for all parties.
42% : Rachel ReevesTime and time again, we've seen how quick the Conservatives are to raise taxes on working people.
41% : Some of the more outlandish ideas like the return of the 50p top rate of tax, did not come to pass.
41% : So we have to cut spending and raise taxes.
41% : It raises taxes, it cuts spending, it's the opposite of the 2019 manifesto, it's the opposite of what Liz Truss in that "mini" Budget, which feels like a century ago, even though it was only a couple of weeks ago that was delivered.
41% : But the longer term performance of the economy, the very low productivity growth, the effect of Brexit on the economy, which are now becoming clear.
41% : Rachel ReevesThe point is, that you could raise taxes in different ways.
39% : That's a little bit harder because, yes she's criticising the fiscal drag on income tax, thresholds being frozen for years.
38% : So in the statement he announced that the capital spending would be frozen, that public spending will only rise by 1% in the next parliament.
37% : Because particularly in terms of public spending, which is real terms cuts there, there's not a lot of places you can cut without having real damage as George has hinted.
36% : They obviously hate the fact that taxes are rising to the highest level since the second world war.
33% : Just have the anecdotal evidence of companies that tried to do business with the European Union and you know, it's an additional problem.
21% : The first is that, there was actually a very open goal in terms of of Rachel Reeves, the shadow chancellor, being able to say everything's a total disaster: inflation going through the roof, house prices set to fall, unemployment is set to rise, cuts the public spending, taxes going up.
20% : They're gonna be sucked into paying tax or into higher bands of tax by the freezing of the allowances and thresholds Chris was talking about.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.