The pre-election Spring Budget will be held on Wednesday 6 March 2024, the Treasury has confirmed. (Updated).

The Government has published its draft 2023/24 Finance Bill, following the Autumn Statement on 22 November 2023, and includes making full expensing permanent.

Download Bishop Fleming's full summary of all the announcements and key takeaways from the Autumn Statement 2023 by clicking here!

An encouraging statement, with a significant focus on the sector and some useful (if not sufficient) measures to boost renewable energy in the UK.

From a private client perspective, the headline news was the 2% reduction in the rate of employees' National Insurance, and smaller 1% reduction for the self-employed.

The Chancellor is increasing the National Living Wage from £10.42 to £11.44 an hour from April 2024. Eligibility will also be extended by reducing the age threshold to 21-year-olds for the first time.

Jeremy Hunt's second Autumn Statement reverses his previous main position of driving down inflation and now focusses on tax cuts and growing the economy. Click here to read more.

Significant changes to National Insurance Contributions have been announced in the Autumn Statement to take effect in 2024.