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Chancellor of the Exchequer Jeremy Hunt has now delivered the Autumn Statement.

With changes to benefits, pensions, interest rates, inflation, energy bills, tax thresholds, minimum wage and more, personal finance expert Martin Lewis joined 5 Live鈥檚 Nihal Arthanayake with some initial reaction and number explainers.

鈥淭he real effect on people is that over the next year things are going to be pretty tough, primarily because we have such a high rate of inflation鈥� everything we鈥檙e doing here is to try and catch up with the runaway inflation car,鈥� he says.

鈥淲ith the huge hits on the cost of living that are coming out there, life would simply be unaffordable for many people... but hopefully what we鈥檝e heard today, will mean more will get through this than they would鈥檝e otherwise,鈥� he continues.

This clip is from The Martin Lewis Podcast on 17 November 2022.

Listen on 麻豆社 Sounds.