Chancellor Jeremey Hunt’s Spring 2023 Budget has a focus on retaining workforce and his four ‘E’s – Enterprise, Employment, Education and Everywhere. Mr Hunt himself calls this his ‘back to work’ budget. Here we examine what that means. Spring 2023 Budget Review Mr Hunt says that by the end of the forecast period, the government’s current budget deficit will be in surplus. He says the...
The Chancellor, Jeremy Hunt is due to present his Spring Budget in the House of Commons on 15 March. But what changes can we expect him to announce? What to Expect in the Spring Budget 2023 This will be Mr Hunt’s second fiscal policy proposal since he became Chancellor. It follows November’s Autumn Statement, which announced changes to tackle inflation and settle the markets after...
The chancellor Jeremy Hunt has delivered his Autumn Statement on 17 November, which was originally planned for 31 October. Mr Hunt’s aim is to bring inflation under control, provide stability for the government and stimulate growth in the economy. Latest Financial Autumn Statement In what has been described as a sombre Autumn statement, Mr Hunt spent under an hour outlining his plans to undo much...
The newly appointed chancellor Jeremy Hunt, who replaces Kwasi Kwateng, has announced a number of changes to the mini-budget. Latest Mini-Budget Reforms On 17 October Mr Hunt announced a package of changes to the mini-budget, which was first announced by Mr Kwateng on 23 September. A fiscal statement is planned for 31 October. However this announcement was added ahead of schedule in an effort to...
Update: This information is out of date. Refer to our newer blog post to read our revision “Latest Mini-Budget Reforms” New chancellor Jeremy Hunt, who replaces Kwasi Kwateng, has announced a number of changes to the mini-budget. On 17 October Mr Hunt announced a package of changes to the mini-budget, which was first announced by Mr Kwateng on 23 September. A fiscal statement is planned for...
HM Treasury is in overdrive trying to solve the soaring national deficit whilst navigating the treacherous economic climate, resulting from the pandemic. So far the economy appears to be recovering faster than expected, albeit with scars. Yet figures seem to consistently beat the predictions made by official forecasts, which is a pattern we can see repeated throughout the Bounce Back in the UK Economy. Bounce...
The Confederation of British Industry (CBI) has called upon the Chancellor for an emergency £7.6bn injection from the Treasury, because the economy cannot wait until budget day, due to the latest lockdown in the UK. The CBI which is the UK’s leading employers’ organisation, has warned Rishi Sunak that businesses cannot afford to wait for several weeks until budget day on 3 March, to secure...
We can expect major tax reform in the new year as we head towards a new economic climate. The Treasury is clamouring to answer how will the government manage the £300bn deficit? Which is forecast for the current fiscal year. As we bear witness to the unfolding financial crisis resulting from the pandemic, tax reform is becoming increasingly necessary. Tax reform could provide the Treasury...
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