2022 Mini Budget Reversal Summary
The Chancellor Jeremy Hunt presented his Mini Budget Reversal on 17 October 2022.
A summary of the 2022 Mini Budget Reversal is available here here.
Our Budget Summary provides an overview of the key announcements arising from the Chancellor's speech.
Additionally, throughout the Summary you will find informative comments to help you assess the effect that the proposed changes may have on you personally and on your business.
2022 Spring Budget Summary
Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022.
In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the impact of rising prices for households and businesses.
The Chancellor will lift the starting thresholds for National Insurance contributions (NICs). He also pledged a cut to income tax in 2024. However, the Health and Social Care Levy will still be implemented in April 2022.
For businesses, there is an increase to the Employment Allowance, as well as relief from business rates on a range of green technologies and help with training and the adoption of digital technology.
A summary of the 2022 Spring Budget is available here.
2021 Autumn Budget Summary
The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out his plans to "build back better" with ambitions to level up and reduce regional inequality.
A summary of the 2021 Autumn Budget is available here.
Our Budget Summary provides an overview of the key announcements arising from the Chancellor's speech.
Additionally, throughout the Summary you will find informative comments to help you assess the effect that the proposed changes may have on you personally and on your business.
2021 Budget Summary
With the UK having been adversely affected by the coronavirus (COVID-19) pandemic, Chancellor Rishi Sunak presented the 2021 Budget against a backdrop of ongoing economic hardship.
A summary of the 2021 Budget is available here.
Our Budget Summary provides an overview of the key announcements arising from the Chancellor's speech. However, it also looks beyond the headlines and offers details on the less-publicised changes that are most likely to have an impact upon your business and your personal finances.
Additionally, throughout the Summary you will find informative comments to help you assess the effect that the proposed changes may have on you personally.
If you would like more detailed, one-to-one advice on any of the issues raised in the Chancellor's Budget speech, please do get in touch.
Summer Economic Update 2020
Chancellor Rishi Sunak presented the Summer Economic Update against a backdrop of economic uncertainty caused by coronavirus (COVID-19) lockdown.
A summary of the Summer Economic Update is available here.
Our summary of the Summer Economic Update provides an overview of the key announcements arising from the Chancellor's speech. Measures include a new Job Retention Bonus to support the phasing out of the Coronavirus Job Retention Scheme (CJRS), a VAT reduction for businesses in the hospitality and tourism sector and a temporary increase to the nil-rate band of residential Stamp Duty Land Tax (SDLT).
Additionally, throughout the Summary you will find informative comments to help you assess the effect that the proposed changes may have.
If you would like more detailed, one-to-one advice on any of the issues raised in the Chancellor's speech, please do get in touch.
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