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2024 Spring Budget

07/03/2024
2024 Spring Budget
Speculation focused on the trade-offs that might be required around cutting taxes and meeting both fiscal rules and spending commitments.

Autumn Statement 2023

23/11/2023
Autumn Statement 2023
The Chancellor decided to prioritise short-term tax cuts over maintaining future expenditure.

2023 Spring Budget

16/03/2023
2023 Spring Budget
Please find enclosed our summary of the Spring Budget delivered by the Chancellor Jeremy Hunt on Wednesday 15 March 2023.

Autumn Statement 2022

14/11/2022
Autumn Statement 2022
The Chancellor, Jeremy Hunt, was faced with a challenging economic backdrop to his first major set piece.

The Growth Plan - a further update

18/10/2022
The Growth Plan - a further update
At 6.00 am on Monday 17 October, the Treasury issued a press release announcing that the (new) Chancellor, Jeremy Hunt, would be making a statement “bringing forward measures from the Medium-Term Fiscal Plan”.

The Growth Plan – an update

14/10/2022
The Growth Plan – an update
The government’s political turmoil ratchets up as the fallout from the ‘fiscal event’ of 23 September claimed its first scalp

The Chancellor's Growth Plan

26/09/2022
The Chancellor's Growth Plan
Kwasi Kwarteng’s first set piece as Chancellor of the Exchequer was never going to be easy, even before the 0.5% increase in interest rates on 22nd September. Nevertheless, Mr Kwarteng’s launch of ‘The Growth Plan’ contained some surprises.

Other announcements

26/09/2022
Other announcements
The Chancellor's Growth plan also announced the following:

The energy price schemes

25/09/2022
The energy price schemes
The Government have announced two separate schemes aimed at limiting the impact of soaring gas and electricity prices.

Spring Statement 2022

24/03/2022
Spring Statement 2022
The Spring Statement was not meant to be a March mini-Budget, despite what many headlines in the days before suggested.

Cost management: striking the balance

17/11/2021
Cost management: striking the balance
Adjusting to the new economic climate may tempt you into focusing on additional cost cuts or consolidating pandemic changes to manage cash flow and finances.

Jointly held assets

17/11/2021
Jointly held assets
For spouses and civil partners, income from jointly held assets is normally shared equally for income tax purposes, even if actual ownership differs.

Claiming extended loss relief

17/11/2021
Claiming extended loss relief
The rules for setting business losses against earlier profits were temporarily extended in first Budget of 2021.

Managing new office relations

17/11/2021
Managing new office relations
Employers have been welcoming their workforces back on site, but ongoing concerns around vaccination and employees’ rights may need a new approach

New penalties for late payments and submissions

17/11/2021
New penalties for late payments and submissions
The new late payment penalties regime will start rolling out from April 2022 for VAT taxpayers.

Making tax digital shifts again

17/11/2021
Making tax digital shifts again
Big changes are coming for the way in which businesses keep their records and report to HMRC.