A concise summary of the tax and non-tax measures announced in the Eden Fyfe Mini Budget
26th September 2022
The week leading up to Chancellor Kwasi Kwarteng's 'Mini Budget' may have been a short one due to the Queen's funeral but the new government managed to fill it with a stream of policy announcements.
Before Mr Kwarteng stood up to make his statement on 'The Growth Plan' much of what he had to say about energy support for businesses and households, bankers' bonuses, investment zones and reversals to NICs had already been announced. The government also said that the Chancellor's statement would not be subject to a forecast from the Office for Budget Responsibility. However, this did not stop the media from dubbing this event a Mini Budget.
The Growth Plan set out a new approach to the economy built around three central priorities:
- reforming the supply-side of the economy
- maintaining a responsible approach to public finances
- cutting taxes to boost growth.
Other News
What's Stopping You?
9th October 2024
Kingdom Group secures £50 million for affordable housing
9th October 2024
More nominations for Kirkcaldy Community Radio
4th October 2024
Gilson Gray makes London push with latest acquisition
3rd October 2024
Gilson Gray publishes blog posts on various legal topics
2nd October 2024
Andrew Croxford Retires from Thomson Cooper
1st October 2024