The Spring Budget 2023 was announced on 15th March 2023 by the chancellor of the Exchequer, Jeremy Hunt. He outlined the government’s plans for spending and taxation in the coming year. In last year’s Autumn Statement 2022 announcement, several tax changes affected businesses and individuals. For businesses: Planned increase in the corporation tax rate for […]
Read moreAfter a chaotic few months for the UK Government off the back of the Mini-Budget, this year’s Autumn Statement was an eagerly awaited event. The Office for Budget Responsibility (OBR) has said that the next two years will be very difficult, with potentially the biggest reduction in household income ever recorded. The Chancellor, Jeremy Hunt, […]
Read moreThe national economy in the UK is stagnant. Business and consumer confidence plummet as prices continue to increase. In response, the chancellor, Kwasi Kwarteng, presented his Growth Plan on Friday, 23rd September, in a mini-budget to release the great potential in the UK economy. The mini-budget represents one of the most significant shake-ups to the […]
Read moreOn March 23rd, 2022, the Chancellor of the Exchequer, Rishi Sunak, presented the Spring Budget and Spending Statement to parliament for consideration and review. Unlike the Autumn budget, the increasing geopolitical tensions between Russia, Ukraine, the UK, and the greater EU were of primary concern in compiling —and presenting— the 2022 Spring Statement. The current […]
Read moreThe Chancellor of the Exchequer presented the Government’s Autumn Budget and Spending Review to Parliament on Wednesday 27th October. The Autumn Statement didn’t reveal any radical changes to the UK tax system, nor did it contain the environmental policies that many people had anticipated. However, it did feature amendments to UK taxation laws that have […]
Read moreThe Chancellor of the Exchequer, Rishi Sunak, delivered his 2021 budget to the House of Commons on 3rd March. As the UK begins to bring the COVID-19 pandemic under control, all eyes were on Westminster for a relief package that will start to repair the UK economy and bring a sense of normality to the […]
Read more[UPDATE: With the Prime Ministers announcement for a 2nd lockdown, starting Thursday 4th November, the Coronavirus Job Retention Scheme (Furlough scheme) has been extended. The statement from the HM Treasury and the Chancellor also confirmed that the Job Support Scheme (JSS) which had been due to launch on 1 November, will not start until the […]
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