Read Animo's Mini Budget 2022 Summary
Chancellor reveals his plan for growth
The week leading up to Chancellor Kwasi Kwarteng’s ‘Mini Budget’ may have been a short one due to the Queen’s funeral but the new government managed to fill it with a stream of policy announcements.
Before Mr Kwarteng stood up to make his statement on ‘The Growth Plan’ much of what he had to say about energy support for businesses and households, bankers’ bonuses, investment zones and reversals to NICs had already been announced. The government also said that the Chancellor’s statement would not be subject to a forecast from the Office for Budget Responsibility. However, this did not stop the media from dubbing this event a Mini Budget.
The Growth Plan set out a new approach to the economy built around three central priorities:
- reforming the supply-side of the economy
- maintaining a responsible approach to public finances
- cutting taxes to boost growth.
How can Animo Help?
At Animo Associates, we are fortunate to have a team of specialist consultants who are able to offer expert insights and so, if you have any further queries on how the Mini Budget 2022 could affect you or your business, please do not hesitate to get in contact with one of our team today. Get in contact with one of our consultants today by calling +44 (0)207 060 0835, emailing info@animoassociates.com, or by filling in a contact form below.
