You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
01513 555 777 info@taylorroberts.biz - Register
The Chancellor Kwasi Kwarteng presented his 'Mini Budget' on 23 September 2022. This has subsequently been amended by Jeremy Hunt, the new Chancellor.
As the saying goes, a week is a long time in politics. However, recent events have been unprecedented. At the Mini Budget a new Prime Minister and Chancellor launched a new agenda, 'The Growth Plan'.
Three weeks later, after huge turmoil, a reversal of most of the elements of that plan and a new statement planned for 31 October. This is now being referred to as the Medium-Term Fiscal Plan, where the Chancellor will publish the government's fiscal rules alongside an Office for Budget Responsibility forecast, together with what are described as 'further measures'.
The changes outlined on 17 October are designed to ensure the UK's economic stability and provide confidence in the government's commitment to fiscal discipline. Below, we have outlined the current position.
Why not contact Taylor Roberts & Associates Ltd today for more information or a FREE no obligation quote.
The UK's business groups have pledged to work in partnership with the new Labour government to revitalise the nation's economy.
The UK's tax gap estimate rose to a record to £39.8 billion in 2022/23 as small businesses accounted for almost two thirds of unpaid tax, according to HMRC's data.
HMRC has not fined a single enabler of offshore tax evasion in five years, data released in response to a Freedom of Information (FOI) request has revealed.