Budget Brief / 2 posts found
Spring Budget 2023 – the key points for business owners
The Chancellor, Jeremy Hunt, delivered his first Spring Budget on 15 March 2023. Unlike the disastrous September 2022 ‘mini budget’, this budget won’t cause many ripples in the worlds of business and finance. In fact, it was a relatively dull affair, with few headline announcements for the average business owner to be concerned about. However, there were some incentives regarding capital allowances on equipment and investment in research and development (R&D), to help push the economy forwards. Summary of the main Budget announcements Whereas the primary aim of the Autumn Statement in November 2022 was to address the financial instability [...]
Spring Statement 2022: Your summary of the key points
The Chancellor, Rishi Sunak, delivered his Spring Statement on 23 March. Faced with the task of creating a ‘strong economy’ for the UK, against the challenging background of high inflation, rising costs and the threat of conflict in Europe, he announced a raft of new measures. So, what was in the Spring Statement for your business? And how will these announcements, government measures and new initiatives affect the business landscape in the coming year? The challenge of creating a stronger UK economy As we head into the second quarter of 2022, your business is facing a demanding economic landscape. Inflation [...]