'Our Plan For The Economy Is Working...But The Job Is Not Done'

JEREMY Hunt will fire up the economy today with tax cuts to boost business and a pay rise for three million lower-paid workers.

- Sam Lister

Meanwhile, optimism was growing last night that the state pension will increase by the full 8.5% under the triple lock pledge.

In his Autumn Statement, the Chancellor will tell MPs the plan to secure Britain's post-Covid recovery is working, but "not done" yet.

Workers on the national living wage are in line for an extra £1,800 a year the largest annual increase since its introduction.

Mr Hunt plans to "get Britain growing" with measures to boost business investment by £20billion a year, cut tax and get more people working.

He is expected to say: "The Conservatives will reject big and government, high spending high tax because we know that leads to less growth, not more.

"Instead, we will back British business with 110 growth measures to remove planning red tape, speed up access to the national grid, support entrepreneurs raising capital, get behind our fastest growing industries, unlock foreign direct investment, boost productivity, reform welfare, level up opportunity to every corner of the country and cut business taxes." Experts are also predicting changes to National Insurance that could help firms meet employment costs and ensure staff are better off.