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Spring Budget 2023 Your Summary

Download Bishop Fleming's full summary of all the takeaways from the Spring Budget 2023 by clicking here!

16 March 2023

Jeremy Hunt's first Budget continues his stability-of-the-markets theme, with the emphasis on driving down inflation, government borrowing and interest rates.

Key measures announced:

  • Full Expensing to replace the Super Deduction
  • New regeneration schemes across the UK, and new levelling up partnerships
  • New apprenticeships / returnerships for returning workers aged 50+
  • Pension annual contribution allowance to increase from £40,000 to £60,000
  • Pension lifetime allowance abolished!
  • Childcare system reforms to help childcare providers and parents.

Download your in-depth summary of all the key takeaways by clicking here.

Bishop Fleming Spring Budget Summary 2023

Key contacts

Andrew Browne

Partner and Head of Tax

01392 448800

Email Andrew

Related insights

Spring Budget 2023 at a glance