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Below you'll find a list of all posts that have been tagged as “budget”
The Institute for Fiscal Studies (IFS) has predicted that millions of people will be worse off in 2022 as a result of spiralling costs and tax rises. Responding to the Autumn Budget, the IFS predicted that low-income families will ‘feel real pain’ due to a rise in the cost of …
In his Autumn Budget speech, Chancellor Rishi Sunak made significant changes to fuel duty and duty rates on alcohol. The government will keep fuel duty frozen at 57.95p per litre across the UK for 2022/23 in recognition of the significant cost that fuel represents for households and businesses. The alcohol …
Chancellor Rishi Sunak delivered a Budget to ensure the UK economy bounces back following the coronavirus (COVID-19) pandemic. The Chancellor announced that total departmental spending will grow by £150 billion per year in cash terms by 2024/25, marking the largest real term increase in overall departmental spending for any Parliament …
The Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) has urged the government to use the upcoming Autumn Budget to help accelerate work on building a modern UK tax system. The ICAEW has called for the government to ensure the tax system is ‘fit for …
HM Treasury has announced that Chancellor Rishi Sunak will deliver the Autumn 2021 Budget on Wednesday 27 October. On 7 September the Chancellor launched Spending Review 2021, which will conclude on 27 October and will be presented alongside the Autumn Budget. The Spending Review will outline government departments’ resource and …
