In an effort to reassure and stabilise the markets, the Chancellor, Jeremy Hunt, has signalled that the Autumn Statement will include tax increases and substantial spending cuts. However, as the UK sees the highest inflation for 41 years, this will not reassure many people who are already struggling with and concerned about rising food, energy, and housing costs and delays in accessing critical health and other public services. Politics is always about choices. In deciding how to raise income and whether to cut – and if so how – public spending, the potential impacts need careful consideration, particularly on living standards and well-being.
In the run up to the Autumn Statement, we start by highlighting existing research – led by the Centre and others – that demonstrates the negative impacts on mental health of poverty and austerity and that points to concrete alternative policy solutions.