Posts Tagged ‘chancellor’
Autumn Statement 2023: What It Means for You and Your Business
The Chancellor of the Exchequer, Jeremy Hunt, presented his pivotal Autumn Statement on 22nd November 2023, unveiling a series of measures aimed at steering the UK through challenging economic waters and bolstering business growth. Amidst a climate of reduced inflation and cautious fiscal optimism, the Statement laid out a roadmap that significantly impacts individuals and…
Read MoreThe 2023 Spring Budget: Impact on UK Small Businesses and the Corporation Tax Increase
In the 2023 Spring Budget, Chancellor of the Exchequer Jeremy Hunt confirmed a sharp increase in corporation tax, from 19% to 25%. Despite being the most substantial hike in nearly 50 years, Hunt reaffirmed that the UK would still have the lowest headline rate of corporate tax in the G7. However, the increase in corporation…
Read MoreA simple guide to the Spring Budget 2023
The headline message from the Chancellor The Chancellor highlighted, “In the autumn, we took difficult decisions to deliver stability and sound money… Today, we deliver the next part of our plan. A budget for growth… long-term, sustainable, healthy growth that pays for our NHS and schools, finds jobs for young people, and provides a safety…
Read MoreMini Budget Tax Cuts Reversed by New Chancellor
New chancellor Hunt brought forward a number of measures from the Medium-Term Fiscal Plan, reversing almost all tax cuts from Kwarteng’s Mini Budget. Read more.
Read MoreEmergency Mini-Budget 2022 – Key Highlights
This morning (Friday 23rd September), Chancellor Kwarteng unveiled his ambitious new “Growth Plan” to tackle inflation, support businesses, and help households. He’s aiming for a 2.5% trend of growth, and key highlights are: Corporation Tax remains at 19%, with the planned rise cancelled Basic rate Income Tax will be cut to 19% in April 2023…
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