Mortgage relief in Autumn Statement unlikely but Sunak may raise hopes of Budget giveaways

Ministers will not step in to help households struggling with soaring mortgage costs in the Autumn Statement, economic experts have predicted

“The Autumn Statement is your opportunity to introduce tax changes that take effect from the second of April 2024, which will give MPs something to point to when they are campaigning,” he said.

“It’s a no brainer [for the Chancellor], he said. “Because if you do something on non-doms it really does dampen enthusiasm on the Labour side because that’s their key policy that’s going to pay for extra frontline nurses and breakfast clubs.” He added: “With more mortgage customers due to roll off fixed-term deals in the next six months, and further rate rises expected, tougher times are ahead.”

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