On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. Chancellor Jeremy Hunt laid out three core priorities of stability, growth and public services.
The government sought a balanced path to support the economy and return to growth, partially through public spending restraint and partially through tax rises.
You should contact us before taking any action as a result of the contents of this summary. If you would like to discuss any area that affects you in more detail please contact a member of our tax team; Nick Parkes, Ian Botham or Kimberley Shapcott.
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Shapcotts Autumn 2022 Budget Summary (pdf)
November 18th, 2022
