With the Autumn Budget 2024, Rachel Reeves intends to tackle fiscal gaps with selective tax hikes on employers, personal wealth, and capital gains, while supporting low-income households and smaller businesses. How did she do?
Vote-winning announcements are always expected from a Chancellor’s Budget in an election year. Despite the stagnant economy and limited fiscal headroom, Jeremy Hunt still announced a few tax cuts and other surprises.
This year’s Autumn Statement was somewhat of a step change compared to the sobering state of the economy this time last year. With a fiscal windfall of £27bn, the Chancellor was able to turn his attention to cutting taxes.
Jeremy Hunt announced his second fiscal statement and first Budget since becoming Chancellor against a backdrop of fragile public finances.
As Jeremy Hunt took to the dispatch box just 34 days after taking on the role of Chancellor of the Exchequer, all eyes were on him.
Recently appointed Chancellor Kwasi Kwarteng announces some significant, unexpected and (in some cases) controversial measures.
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