Autumn Statement 2023

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Following the Autumn Statement 2023 delivered by the Chancellor Jeremy Hunt on Wednesday 22 November we attach a link to our summary of the key points that were announced.

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The Autumn Statement had been initially trailed as focusing on the longer-term issues facing the country, but Mr Hunt decided to prioritise short-term tax cuts over maintaining future expenditure. The most headline-grabbing immediate moves were cuts to national insurance and placing the expensing of corporate investment onto a permanent basis.

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Some of the rumoured changes, such as inheritance tax reform, did not appear, but there is still a chance – the Spring Budget is due to take place in March next year.  The report on the consultation of the tax treatment of natural capital, including the availability of Agricultural Property Relief, will also now be delivered in the Spring.

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Some of the key announcements included:...

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