Government confirms 2023 Autumn Statement date

06 Sep 2023

The government has confirmed that Chancellor Jeremy Hunt will present the 2023 Autumn Statement on 22 November.

The Office for Budget Responsibility (OBR) has been commissioned to prepare an economic and fiscal forecast to be presented to Parliament alongside the Autumn Statement.

Many experts believe the Chancellor has already ruled out announcing tax cuts, instead deciding to focus on bringing inflation down. Mr Hunt has insisted that the current inflation rate of 6.4% must come down before levies can be reduced.

The Chancellor recently stated: 'If we are going to put money in people's pockets quickly, the fastest thing I can do is deliver the Prime Minister's pledge to halve inflation.

'Because that puts not one pence in the pound which might be a tax cut but five pence in the pound in people's pockets which they wouldn't have had if inflation stayed high.'

icaew logo acca logo sage logo sageone logo bas xero

Home | Contact us | Accessibility | Disclaimer | Help | Site map | © 2024 Madisons. All rights reserved.

We use cookies on this website, you can find more information about cookies here.

Madisons is a trading name of Madison Business Services Limited Registered office: Bushbury House, 435 Wilmslow Road, Withington, Manchester, M20 4AF. Company Number: 03800186, VAT Registration Number: 741 1182 67 Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our Audit Registration can be viewed at www.auditregister.org.uk.
Telephone: 0161 434 3535 | Fax: 0161 445 0430 | Email: enquiries@madisons.co.uk.

Address
Madisons, Bushbury House, 435 Wilmslow Road, Withington, Manchester, Lancashire M20 4AF