Exact date of Autumn Statement 2023 is revealed as hopes of tax cuts are dashed by Jeremy Hunt

CHANGES to taxes and funding for schools and the NHS will be revealed by Jeremy Hunt in November.

The Chancellor confirmed today that the highly anticipated Autumn Statement will take place in the Commons on Wednesday November 22.

In a major blow to hardworking Brits, Mr Hunt played down the prospect of desperately desired tax cuts.

He insisted inflation needs to come down further from its rate of 6.8% before levies can be slashed.

On Sunday Mr Hunt said: “If we are going to put money in people’s pockets quickly, the fastest thing I can do is deliver the Prime Minister’s pledge to halve inflation.

“Because that puts not one pence in the pound which might be a tax cut but five pence in the pound in people’s pockets which they wouldn’t have had if inflation stayed high.”

The Autumn Statement could be Mr Hunt’s last before the next general election.

And it will be the first since the “emergency” Autumn Statement he called to clean up the mess left by Liz Truss’ disastrous mini-budget.

The Chancellor is under huge pressure from Tory MPs to ease Britain’s tax burden – currently the highest since the second world war.

Conservative backbenchers are crying out for appealing fiscal policies to entice the public ahead of a brutal showdown with Sir Keir Starmer.

Polling currently puts Labour 17 points ahead of the Tories.

Alongside announcing any changes to taxes, at the Autumn Statement the Chancellor can tinker with spending pledges.

Schools, the police, hospitals and the military could be in line for pay bumps or cuts.