Ten Things You Need to Know Today: 18 November 2022

The Week’s daily digest of the news agenda, published at 8am

1. Record fall in living standards

Britain is facing the highest level of taxation since the Second World War and a record fall in living standards after Jeremy Hunt’s autumn statement. The chancellor “chose to target middle-income and wealthier households in an attempt to balance the books,” said The Times, while The Telegraph felt that “it’s hard to spot the difference between the Tories and Labour now”. The Daily Mail’s Sarah Vine said “there was me thinking we’d voted in the Conservatives” but the Daily Express hailed “victory” in its campaign to secure a 10.1% state pension increase.

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