Spring Budget 2024 – Key Points

Spring Budget 2024 - The Key Points

Likely to be his last Budget as Chancellor before a General Election, Jeremy Hunt delivered his Spring Budget 2024 speech at 12.30pm today. In his speech, he claimed this was a Budget for long term growth. Download our detailed analysis of the Spring Budget 2024 here: A summary of the key measures announced are as …

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Making Tax Digital Income Tax Self Assessment (MTD ITSA)

The Government announced on Monday 19 December 2022, that MTD ITSA would be delayed until April 2026. The Government has realised that the transition to MTD ITSA would be contributing additional pressures to self employed individuals and landlords, during an already uncertain financial future. What is MTD ITSA If you haven’t already heard about MTD …

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Autumn Statement Summary

Today, Thursday 17 November 2022, Chancellor Jeremy Hunt delivered his Autumn Statement.  Many were hoping his announcements would help individuals and businesses in the face of increasing costs, with inflation at a 40 year high coming in at 11.1%. Instead Hunt delivered a bleak outlook for the next few years blamed on the fallout from Global factors, …

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Bank of England Increase Interest Rates by 0.75%

Today, Thursday 3 November 2022, The Bank of England increased interest rates by 0.75% to 3% – The highest interest rates have been since the financial crisis in 2008. The UK is already experiencing early signs of recession, which is expected to continue throughout 2023 before beginning to ease in early 2024. Chancellor Jeremy Hunt …

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Reversals to the Mini Budget

Newly appointed Chancellor, Jeremy Hunt has today announced (Monday 17 October 2022), in what is being hailed as the biggest U-turn in British economic history, almost all measures set out by ex Chancellor Kwasi Kwarteng in his Mini Budget late-September, have been reversed. Hunt vowed, “there will be more difficult decisions” on tax and spending …

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Corporation Tax U-turn

Prime Minister Liz Truss has made yet another U-turn in the not so ‘Mini Budget’, this time to Corporation Tax which now, ex chancellor Kwasi Kwarteng, announced back in late-September. Corporation Tax was due to rise from 19% to 25% in April 2023, but was reversed in a dash to ”ignite growth”. Truss has announced …

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