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Spring Budget 2023 – the key points for business owners

by M Tombs
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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 [...]