The Chancellor of the Exchequer, Jeremey Hunt presented the latest Spring Budget on Wednesday 15 March 2023.
Our Budget Hub contains insights and publications to help you digest the latest announcements and guide you through the financial measures that affect you.
Jeremy Hunt opened his first full Budget speech by declaring that it was a ‘budget for growth’. He emphasised that this would be ‘long term, sustainable, healthy growth’; after all, Kwasi Kwarteng’s ill-fated September speech at the same despatch box was titled ‘the Growth Plan’. The Office for Budget Responsibility reported that there is unlikely to be any growth in 2023, but the UK is likely at least to avoid a recession
The announcement of significant tax changes several times a year, to apply from different dates, makes it hard to keep track of what is changing, when the changes will apply, and how they affect your finances. In this document we have set out the latest proposals and their impact, but also included some significant measures from other earlier announcements as a reminder of their importance.
At the back of the Summary you will find a calendar of the tax year with important deadline dates shown.
We recommend that you review your financial plans regularly as some aspects of the Budget will not be implemented until later dates.Read our Budget summary
Our team have provided their initial reactions to the budget announcements:
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