With inflation still rampant and the energy crisis in effect, this Budget was shaping up to be a bit of a downer after the political shenanigans of 2022. However, the Chancellor did have some headroom ...
The economy is 'proving the doubters wrong' according to the Chancellor!
He did have a focus on prompting those out of work to return, but there was also a lot around boosting business investment, public finances and the economy as a whole. In particular, he said that it looks like the United Kingdom will avoid a technical recession and inflation would drop dramatically in 2023.
"The economy is 'proving the doubters wrong' according to the Chancellor!"
Written in plain English, we have broken our PDF summary down into the main areas of taxation, including business and corporate, employment, personal and capital. We have also included comments on the more important changes, together with any planning points that may arise.
Our summary provides an invaluable update for you and will help you get to grips with the announcements. It will remain on our blog for you to refer to as and when you need it, but if you have any questions, don't forget we are here to help you navigate and plan your way through the tax maze, so please do get in touch.
Until next time ...
ROGER EDDOWES Business Godparent
Would you like to know more?
If anything I've written in this blog post resonates with you and you'd like to discover more about budget 2023, it may be a great idea to call me on 01908 774320 and let's see how I can help.
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Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.
Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.
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