Nov 23, 2023 | Government Announcements
Chancellor Hunt's 2023 Autumn Statement reveals a £7 billion 'back to work' plan, featuring an increase to the National Living Wage (NLW) and personal tax cuts. The key points include: National Living Wage surge The NLW will jump from £10.42 to £11.44 per hour in...
Nov 23, 2023 | Government Announcements
In a bold move, the Autumn Statement aims to secure £20 billion in annual business investments for the next decade. Key highlights include: Full expensing for businesses The full expensing scheme will become permanent, contributing to what the Chancellor dubbed the...
Nov 23, 2023 | Government Announcements
In a report accompanying Chancellor Jeremy Hunt's ambitious Autumn Statement, the Office of Budget Responsibility (OBR) has revised the UK's economic growth forecast, indicating a modest growth of 0.6% this year instead of the anticipated 0.2% contraction. Looking...
Nov 23, 2023 | Government Announcements
In his second full Autumn Statement as Chancellor, Jeremy Hunt outlined his plans for improving the fiscal outlook of the nation. As he promised to reduce debt, cut taxes, and reward work, the reactions from across the country started to roll in. Dr Roger Barker,...
Nov 22, 2023 | Government Announcements
Chancellor Jeremy Hunt will deliver his 2023 Autumn Statement this afternoon (22 Nov), accompanied by an economic forecast from the Office for Budget Responsibility (OBR). Although inflation has eased significantly in recent months and new data shows Government...
