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Latest blog posts

Spring Budget 2023

Ian Marlow

Spring Budget Summary 2023 As expected, the Chancellor, Jeremy Hunt, resisted pressure to reduce taxes in any significant way, and the majority of his announced changes were already in the public domain. According to the Chancellor, the UK economy is on track to grow in the coming year with inflation halving. We have listed any new variations...

Autumn Statement

Ian Marlow

Autumn Statement Summary The new Chancellor of the Exchequer, Jeremy Hunt, has delivered his Autumn Statement to the House of Commons against a backdrop of a worsening cost of living crisis and with confirmation from the Office for Budget Responsibility OBR that the UK has now entered into a recession. The OBR has stated that the economy...

Mini-Budget 23 September 2022

Ian Marlow

This so-called mini-budget actually morphed into a series of major  announcements by the new Chancellor Kwasi Kwarteng. The expected reversal of the 1.25% increase in National Insurance contributions in the current tax year was confirmed and will apply from 6 November 2022. A summary of the main tax changes that will impact the liability of individuals and...