Oct 17, 2022 | Government Announcements
Chancellor of the Exchequer, Jeremy Hunt, made a statement on Monday (17 October) revealing measures ahead of the Government's medium-term fiscal plan. The majority of mini-budget decisions are being reversed in an effort to protect the economy, raising around £32bn a...
Oct 17, 2022 | Government Announcements
Prime Minister Liz Truss has revealed that plans to increase corporation tax from 19% to 25% will still go ahead in a press conference on Friday (14 October). The U-turn followed Truss firing Kwasi Kwarteng as Chancellor earlier on Friday, appointing Jeremy Hunt in...
Oct 12, 2022 | Government Announcements
Chancellor of the Exchequer Kwasi Kwarteng has confirmed that the Autumn Budget will be brought forward to 31 October, four weeks earlier than planned. An Office for Budget Responsibility (OBR) costings forecast will be published in conjunction with the Chancellor's...
Oct 4, 2022 | Government Announcements
Prime Minister Liz Truss announced that red tape would be cut for thousands of growing businesses as of Monday (3 October 2022). The definition of a small business will now include businesses with fewer than 500 employees. This will make an additional 40,000...
Oct 3, 2022 | Government Announcements
Chancellor of the Exchequer, Kwasi Kwarteng, announced a U-turn on the Government's plan to abolish the 45p top rate of income tax on Monday (3 October). The announcement comes less than two weeks after the Chancellor's tax-cutting mini-budget on 23 September. During...
