Autumn Statement 23: Chancellor promises 110 measures for UK growth

Reduce inflation and boost GDP growth

Valeria Martinez
clock • 2 min read

Chancellor Jeremy Hunt has promised 110 different measures to help grow the British economy and boost business investment by £20bn a year in his Autumn Statement, delivered in parliament today (22 November).

Hunt told MPs the measures include cutting business tax, attracting foreign investment, helping entrepreneurs raise money, boost productivity, reforming welfare and speeding up access to the electricity grid.  The chancellor said the Office for Budget Responsibility had estimated the combined impact of the measures will boost business investment, reduce inflation next year and grow GDP.  In his speech, he said that after a global pandemic and energy crisis the government has taken "difficult decisions" to get the economy back on track. Rather than a recession, "the economy has grown",...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Warning non-dom tax scrap would only dent UK economy troubles

Warning non-dom tax scrap would only dent UK economy troubles

Suggestions of plans for a scrap have been circling in multiple reports

Hope Coumbe
clock 29 February 2024 • 2 min read
Tories planning a scrap of the non-dom tax status — reports

Tories planning a scrap of the non-dom tax status — reports

Jeremy Hunt will deliver his second Spring Budget as chancellor next week

Hope Coumbe
clock 29 February 2024 • 1 min read
Jeremy Hunt set to cut National Insurance in Spring Budget - reports

Jeremy Hunt set to cut National Insurance in Spring Budget - reports

Chancellor expected to cut NI rather than income tax in next week’s speech

Isabel Baxter
clock 27 February 2024 • 1 min read