Spring Budget 2024

The Spring Budget 2024 has been touted for some time to offer tax cuts in advance of an Election within the next 12 months and lived up to expectation.  The extensions of fuel and alcohol duty freezes for 12 months backing this up.  There were relatively few...

Autumn Statement 2023

Advance news suggested that NI rates would be reduced in the Autumn Statement today, using the Fiscal drag which is the effect of not increasing tax free bands while wages continue to increase, effectively a stealth tax. This came true as he announced major changes...

Spring Budget 2023

The Spring Budget 2023 was Jeremy Hunt’s first budget, the autumn statement was an emergency measure after the catastrophic budget under Liz Truss.  The focus was on growth and encouraging employment in particular, rather than overall tax changes.  The...

Autumn Statement 2022

In his Autumn Statement 2022 new Chancellor Jeremy Hunt set three priorities: Stability, growth and public services.  Certainly the tax burden seems to be set for some time, a number of taxes until April 2028 which gives some stability, but with thresholds being...