On November 22 2023, Chancellor Jeremy Hunt delivered his economic and fiscal update, the ‘Autumn Statement for Growth’.
The Chancellor has said that the economic priorities are to halve inflation, grow the economy and reduce debt.
He has announced a number of tax and spending measures specifically targeting businesses as well as making significant announcements regarding wages, benefits and pensions, government spending and public finances affecting individuals.
To give you a clearer picture of what to expect and how to navigate these changes, we've put together a comprehensive summary.
We understand that every business is unique, and you might have specific questions about how these changes will impact your organisation.
If you require advice tailored to your business's specific needs, please do not hesitate to get in touch with our Tax Partner, Phil Blackburn (philblackburn@lubbockfine.co.uk)
