Amidst the UK entering a technical recession at the end of 2023 and with this potentially being the Chancellor’s last budget before the next General Election, there was immense pressure on him to deliver a Spring Budget that demonstrated fiscal responsibility as well as attention-grabbing tax cuts / increased incentives to boost the party’s appeal to voters.
However, the Budget fell short of meeting those expectations, lacking any significant or surprising announcements. Dubbing the fiscal statement a “Budget for long-term growth”, Mr Hunt focussed his speech on delivering tax breaks, boosting investment and tackling unfairness in the UK tax system.
We’ve created a free guide which expands on some of the key announcements, and delves into the impact they will have on business owners and individuals.
- Personal Tax
- Employment
- Business Taxes
- Capital Taxes
- Other Matters
Need support with anything in Spring Budget 2024?
Connect with our National Head of Tax, Sarah Richards, for advice and support…