The new Chancellor, Kwasi Kwarteng, delivered his first Mini-Budget on 23rd September 2022. The Budget was billed as the ”Growth Plan” for United Kingdom, aimed at tackling high energy costs and inflation, and delivering higher productivity and wages. The Budget ended up being as much about tax cuts as anything else.
The main points covered in the Growth Plan 2022 were:
- Economic growth
- Responsible public finances
- Tackling energy prices
- Increasing private sector investment
- Employment and wages
- Housing market
- High quality infrastructure
Please see the below very resourceful documents for further detail.