UHY Ross Brooke Chartered Accountants

Autumn Statement Summary 2023

summary of autumn statement 2023

On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament and started making, in his words, the long-term decisions necessary to strengthen the economy and build a brighter future. Fuelled by falling inflation and stabilised public finances, focus is now being applied to reducing debt, cutting tax and rewarding hard work.

Headlines included generous National Insurance Contribution (NIC) cuts for workers and the self-employed and the ‘biggest permanent tax cut in modern British history for businesses’. Some other anticipated measures appear to be on hold ahead of a full Budget next Spring and an expected 2024 general election.

In our full summary, we talk more about the Autumn Statement headlines and other measures announced.

Download our overview of the 2023 Autumn Statement

If you would like more detailed, one-to-one advice on any of the issues raised in the Chancellor’s speech, please contact us.

Share This Post

Related insights

Talk to us

Newbury: 01635 555666
Abingdon: 01235 251252
Swindon: 01793 610008
Hungerford: 01488 682546