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DUA-BusRUEng20231127.pdf

🔗 Source: dua.co.uk

📊 Size: 688 KB

👤 Author: Kevan.Hamman

⬇️ Downloads: 44

Summary

Chancellor Jeremy Hunt unveiled the government's tax and spending plans in the Autumn Statement, introducing 110 measures to help grow the British economy. The Office for Budget Responsibility (OBR) expects the economy to recover more fully from the pandemic, but inflation to remain higher for longer. Key business and taxation points include a cut in employee National Insurance contributions, measures to support corporate capital expenditure, and a new simplified research and development tax relief. Other announcements include a 9.8% increase to the minimum wage, a consultation on giving pension savers a "legal right to require a new employer to pay pension contributions into their existing pension", and targeted investments for advanced manufacturing and green energy. The Autumn Statement also includes plans to speed up planning applications, increase apprenticeships, and extend financial incentives for Investment Zones and tax reliefs for Freeports.

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Description

Chancellor Jeremy Hunt unveiled the government's tax and spending plans in the Autumn Statement, introducing 110 measures to help grow the British economy.

Technical Information

File Format: PDF
File Size: 688 KB
Pages: 12
Language: EN
Author: Kevan.Hamman
Total Downloads: 44
Last Updated: 2 months ago

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