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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 ...
The Budget of His Majesty's Government is an annual budget set by HM Treasury for the following financial year, with the revenues to be gathered by HM Revenue and Customs and the expenditures of the public sector, in compliance with government policy. [1] The budget statement is one of two statements made by the Chancellor of the Exchequer in ...
Political and economic circles spent Saturday sizing up Jeremy Hunt, the new Chancellor.
Industry groups have responded to the Chancellor’s announcement in the House of Commons.
The mini-budget ultimately had negative effect on the British economy dramatically decreasing the market value of the pound and forcing the Truss-led government to do a u-turn on most of the announcements made in the mini-budget with Kwarteng sacked and replaced by Jeremy Hunt as Chancellor. The decision of the Truss ministry to ignore the OBR ...
The Government has launched an “attack on nature” with its mini-budget, conservationists have warned. The Royal Society for the Protection of Birds (RSPB), the Wildlife Trusts and the National ...
The Government of the United Kingdom is divided into departments that each have responsibility, according to the government, for putting government policy into practice. [1] There are currently 24 ministerial departments, 20 non-ministerial departments, and 422 agencies and other public bodies, for a total of 465 departments. [2]