Read Animo's Reversal on Mini Budget 2022 Summary
Chancellor brings forward further medium-term fiscal plan measures
As the saying goes, a week is a long time in politics. However, recent events have been unprecedented. At the Mini Budget a new Prime Minister and Chancellor launched a new agenda, ‘The Growth Plan’.
Three weeks later, after huge turmoil, a reversal of most of the elements of that plan and a new statement planned for 31 October. This is now being referred to as the Medium-Term Fiscal Plan, where the Chancellor will publish the government’s fiscal rules alongside an Office for Budget Responsibility forecast, together with what are described as ‘further measures’.
The changes outlined on 17 October are designed to ensure the UK’s economic stability and provide confidence in the government’s commitment to fiscal discipline. Please see we have outlined the current position.
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.
