Unpacking the Spring Budget 2023

On Wednesday 15 March 2023 Chancellor Jeremy Hunt set out his ‘Budget for Growth’, with key takeaways including childcare, pensions and keeping the energy price cap.

In this webinar, our team of experts discussed what the announcements meant for both businesses and individuals and gave insight to what this might mean for the future.

This webinar featured -

Chloe Ellis – Tax Partner

George Lagarias - Chief Economist    

Nick Nesbitt -   Private Client Partner 

Pujah Joshi – POB Tax Director; and 

Ian Goodwin –  Employment Tax Partner

Spring Budget 2023 - summary of tax changes

Chancellor Jeremy Hunt delivered his first full Budget statement, and this was much more in keeping with what we expect from a fiscal statement after the infamous Mini Budget and Autumn Statement of 2022.

Spring Statement 2023: Our Chief Economist’s view

As the economy loses steam, overall we consider the measures announced by the Chancellor should improve demand by lowering individual tax burdens, increasing spending in defence and other areas and allowing more tax benefits for certain sectors and employees. The latter could possibly reduce the skills gap in the UK. Targeted investments in areas outside of London are also very positive towards a...