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On 23 September 2022, the Chancellor of the Exchequer, Kwasi Kwarteng, delivered a Ministerial Statement entitled "The Growth Plan" to the House of Commons. [1] [2] Widely referred to in the media as a mini-budget (it not being an official budget statement), it contained a set of economic policies and tax cuts such as bringing forward the planned 1% cut in the basic rate of income tax to 19% ...
Mini-budget may refer to: July 2020 United Kingdom summer statement, also known as the Coronavirus mini-budget; September 2020 United Kingdom Winter Economy Plan, sometimes referred to as a mini-budget; September 2022 United Kingdom mini-budget, a fiscal event that led to market disruption and the fall of the Liz Truss government
Budget Revenue Expenditure Deficit/(Surplus) Budget Report 2024, October: £1.229 trillion £1.276 trillion £47.2 billion 2024, March: 2023, March: 2022, November: 2022, September mini-budget: 2021, October: £929 billion £1.045 trillion £116 billion 2021, March: £819 billion £1.053 trillion £234 billion 2020, March: £873 billion £928 ...
Industry groups have responded to the Chancellor’s announcement in the House of Commons.
The Chancellor gave a sit-down interview to GB News in which he sought to defend his mini-budget. Kwarteng: Mini-budget came in ‘high pressure’ period around Queen’s funeral Skip to main content
The Cold War (1948–1953) is the ... 7,606 British and 6,100 French. [5] ... a Sino-Soviet partnership, and a defense budget that had quadrupled in eighteen months.
The Cabinet was not consulted on the doomed plan set out by Kwasi Kwarteng but no one in the top team thought it was bad.
The government faced higher borrowing costs due to market fallout after the mini-budget and the collapse of the Truss ministry. His plans drew warning from Olivier de Schutter, the UN poverty envoy, who stated that the coming wave of austerity "could violate the UK’s international human rights obligations and increase hunger and malnutrition."