2022 Mini-Budget - Everything you need to know!26 September, 2022
The new Chancellor, Kwasi Kwarteng, announced the government’s economic plans in the Mini Budget on Friday 23 September, but what does this mean for your business?
The new Chancellor focused on cutting taxes and attempting to stimulate growth. The Chancellor stated the Budget will address a ‘New approach for a New Era’. The plan sets an ambitious target for a 2.5% trend of growth to allow the UK to compete with economies around the world, securing sustainable funding for public services and improving living standards for everyone. To drive higher growth, the Chancellor intends to reform and expand the supply side of the economy by cutting taxes and providing tax incentives for investment, whilst maintaining a responsible approach to public finance.
We have broken down what this could mean for you and your business in our handy, easy-to-read guide.
Download the guide to find out more.
Please note that we have now amended the guide to reflect the chancellor's changes on the 3rd October 2022.