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

How advisers should approach inheritance planning with clients

How advisers should approach inheritance planning with clients

Crucial for clients to discuss inheritance plans with their adviser

Stuart Ritchie
clock 22 November 2024 • 4 min read
Risk v reward: Applying to 'set aside' final orders in divorce

Risk v reward: Applying to 'set aside' final orders in divorce

Applications to set aside final orders are complex

Claire Andrews
clock 21 November 2024 • 5 min read
Personal representatives and IHT filing following the Budget

Personal representatives and IHT filing following the Budget

'The process of dealing with IHT papers can be onerous'

Blair Gould
clock 21 November 2024 • 4 min read