Watch in full: Jeremy Hunt announces spending cuts and tax rises in Autumn Budget

The UK is now officially in a recession, Jeremy Hunt said as he unveiled his autumn Budget – as the Treasury watchdog forecast living standards will crash as a result of rising prices. The Office for Budget Responsibility also predicted more than half a million people would lose their jobs and inflation would erode real wages over 2023-24. The chancellor announced a host of “difficult decisions” - including tax increases - in his plan to weather the economic “storm”. Watch more videos at the Independent TV: https://www.independent.co.uk/tv/edit... Click here to subscribe to The Independent: https://bit.ly/Subscribe-to-Independent About The Independent: Making Change Happen. The Independent is the world’s most free-thinking newsbrand, providing global news, commentary and analysis for the independently-minded. Connect with The Independent: Check out our full video catalog:    / theindependent   Videos, daily editorial and more: http://www.theindy.com Click here to get the best of The Independent daily: https://www.independent.co.uk/newslet... Like The Independent on Facebook: https://www.fb.com/TheIndependentOnline Follow The Independent on Twitter:   / independent   Follow The Independent on Instagram:   / the.independent   Download the iOS & Android app: https://www.independent.co.uk/subscri... Help to support truly independent journalism. Every dollar you contribute will directly fund additional special reports and investigations from a free-thinking, award-winning newsroom you can trust - https://www.independent.co.uk/donations Subscribe to Independent Premium for exclusive content & live events: https://bit.ly/2MiOONB