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The average family is likely to be more than £800 a year worse off after he unleashed an expected wave of tax changes designed to rake in £24billion for the Treasury.
The raft of changes have left the average family facing the prospect of being more than £800 a year worse off, with the Chancellor also confirming help with energy bills is due to be reigned in.
But the brunt of tax changes designed to fill a £60billion hole in UK finances is expected to fall on homeowners and the better off, especially middle and high-income groups.
Chancellor expected to announce in Autumn Statement one-off payments to help vulnerable customers with spiralling bills
However, the Resolution Foundation’s Intergenerational Audit concludes over-75s will spend 8 of their total household income on bills.