26th October 2022
With Rishi Sunak’s official appointment as UK Prime Minister and the 2022 Autumn Budget scheduled for 17 November, Katharine Arthur, Partner, shares her thoughts on what needs to happen next to bring a measure of stability and reassurance to these challenging times.
As uncertainty and a lack of clarity continues, it’s more important than ever that “the Chancellor’s next steps need to be carefully planned and costed”. Despite the multiple U-turns in recent budget announcements, Katharine highlights that rolling back clear mistakes in policy is a good starting point to regain market confidence, as seen with the reversal of tax cuts in Chancellor Jeremy Hunt’s emergency statement in October.
You can read Katharine’s full opinion piece here via FT Adviser.
We will continue to bring you insights and news updates on the Autumn Budget as it becomes available. You can read through all of our Statement updates below:
- Chancellor’s Statement: 17 October 2022
- U-Turn on abolition of additional rate of tax (45%)
- Fiscal Statement: The Growth Plan – changes to the Company Share Option Plan limit
- Fiscal Statement – The Growth Plan: Cancellation of Corporation Tax increase
- Fiscal Statement – Growth Plan: all change for employment taxes?
- Fiscal Statement – Growth Plan Highlights
If you need advice on how the 2022 Autumn Budget could impact your tax affairs, please get in touch with Katharine, our private client team or corporate tax team.