HM Treasury has today announced that the Prime Minister Rishi Sunak and Chancellor Jeremy Hunt have taken the decision to delay the medium-term fiscal plan, originally set for Monday 31 October, to Thursday 17 November. At the same time, they will deliver an OBR (Office for Budget Responsibility) forecast.
According to the statement, the announcement “will contain the UK’s medium term fiscal plan to put public spending on a sustainable footing, get debt falling and restore stability”.
As always, our business and tax experts at Beavis Morgan will be on hand to provide commentary and a summary of the statement and what this means for you and your business.
If you are not yet a client of Beavis Morgan, but would like to receive our summary report, please email firstname.lastname@example.org and we will send you a copy once available.
If you have any concerns or queries relating to the announcements, our tax experts are available to guide you through the tax maze and help you with bespoke solutions to ensure that you and your business are as tax efficient as possible.
Contact Neal Groves or Joanne Holland.