Autumn Statement: Professor Isabelle Szmigin


Professor of Marketing, Birmingham Business School


The decision to cancel the planned three pence rise in fuel duty means petrol prices should remain steady for consumers but it does not offer cash-strapped drivers any savings.

If benefits only increase by 1% a year and inflation remains around 2.7%, there is no doubt that this will impact the spending power of the lowest paid. 

The rather small changes in other taxes and allowances will have little impact on high street spending.