Skip to content

Briefing 77

AELP Briefing on the Autumn Statement

November 2023

AELP Response


In the Autumn Statement, the Chancellor gives an update on the state of the economy, announcing spending and tax changes and reforms to the economy.

‘The Conservatives will reject big government, high spending and high tax because we know that leads to less growth, not more’ – Jeremy Hunt, Chancellor of the Exchequer

‘An Autumn statement for a country that has turned the corner’– Jeremy Hunt, Chancellor of the Exchequer

‘Growth has hit a dead end’ – Rachel Reeves, Shadow Chancellor

Skills Policy

  • An extra £50m for a two-year apprenticeship pilot to explore ways to stimulate training in growth sectors and address barriers to entry in high-value standards.
  • The minimum hourly wage for an apprentice will increase by 21% to £6.40 from next April.
  • There was no announcement on restrictions to level 6 and 7 apprenticeships, despite speculation.


Read the full response here.

Autumn Statement November 2023

Briefing 77

Last published: 23/11/2023