Jeremy Hunt announced his second fiscal statement and first Budget since becoming Chancellor against a backdrop of fragile public finances, an ongoing cost of living crisis, and increased Government borrowing.
We expected the Chancellor’s speech – dubbed the ‘back to work Budget’ by the media – to focus on the Government’s economic priorities: halving inflation, growing the economy, and reducing national debt.
The Chancellor’s speech highlighted a plan of two halves: a series of short-term measures designed to provide immediate support to businesses and households, and a longer-term strategy for growth.
But how does his Budget stack up against the Government’s priorities – and what does it mean for people and businesses across the UK?
If you have any questions or would like some advice regarding the recent Budget announcements, please get in touch with Andrew Appleton on aappleton@hildenparkaccountants.co.uk