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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% ...
The Spring Statement of the British Government, also known as the "mini-budget", is one of the two statements HM Treasury makes each year to Parliament upon publication of economic forecasts, the second being the Autumn Statement presented later in the year. At 2016's autumn statement, it was announced the budget would move to the autumn, with ...
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 ...
The Government has unveiled a raft of tax cuts as part of plans to drive up growth during the cost-of-living crisis.
Industry groups have responded to the Chancellor’s announcement in the House of Commons.
Political and economic circles spent Saturday sizing up Jeremy Hunt, the new Chancellor.
Truss and Kwarteng subsequently conceded to failing to prepare the ground for the mini-budget, but argued it had been impacted negatively by global events. After Hunt replaced Kwarteng as Chancellor in October he reversed the majority of the mini-budget's measures in an emergency statement to the House of Commons .
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