He has commissioned an Office for Budget Responsibility forecast, which might be introduced alongside the assertion.
The Prime Minister and Chancellor have spent latest months promising to halve inflation, amid a sequence of Bank of England rate of interest rises designed to ease hovering costs.
Mr Hunt has additionally confronted strain from some Tory MPs for tax cuts forward of the following normal election, anticipated earlier than January 2025.
But he and Rishi Sunak have thus far resisted these calls, pointing to ongoing efforts to curb inflation and guarantee monetary stability.
Mr Hunt confirmed the date in a press release within the Commons.
“On Friday, the Office for National Statistics published an update to the UK’s GDP growth figures which shows the UK economy was 0.6% larger than pre-pandemic levels by the fourth quarter of 2021.
“It means our economy had the fastest recovery from the pandemic of any large European economy, thanks to decisions such as furlough that protected millions of jobs.
“For that growth to continue we now need to halve inflation, which I am pleased to report is now nearly 40% below its 11% peak. I can also tell the House I will deliver the Autumn Statement on November 22,” he mentioned.
The Treasury and new Defence Secretary Grant Shapps are additionally more likely to come beneath strain over defence funding.
Mr Shapps’ predecessor, Ben Wallace , who stepped down from the position final week, had lengthy made clear his need for larger spending on the UK armed forces.
