Tax increases and spending cuts – Autumn Budget 2022
Jeremy Hunt’s highly anticipated Autumn Budget was finally revealed yesterday. With the UK facing an unexpected change in Prime Minister, a cost-of-living crisis and now a recession, all eyes were on the Chancellor. Despite proposed spending cuts and tax increases,... read more
Emergency Statement: Mini-Budget Update
Over the last few days, we have seen a gradual dismantling of the mini-budget of Friday 23 September 2022, along with the economic policies that Prime Minister Liz Truss based her leadership campaign on. On Friday 14 October, Ms Truss announced a change of Chancellor,... read more A guide to Kwarteng’s mini-Budget
On Friday 23 September, Chancellor Kwasi Kwarteng unveiled his mini-Budget. While he has declared his proposed measures as “a new era” for businesses and families across the UK, it does include some significant, unexpected and (in some cases), controversial changes.... read more
Spring Statement 2022
Spring loaded: crisis solutions or half-measures? Amid rising pressure to bring in significant relief measures to combat the current international emergency, Chancellor Rishi Sunak implied ahead of time that he could only do so much. Speaking at the weekend, he... read more