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The Chancellor of the Exchequer, Jeremy Hunt, delivered his Autumn Statement on Thursday 17 November 2022 where the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession.

The Chancellor laid out three core priorities of stability, growth and public services. The government sought a balanced path to support the economy and return to growth, partially through public spending restraint and partially through tax rises.

A summary of the Autumn Statement is now available to read and download via the link below.

We hope the summary will provide you with a useful update and allow you to understand the changes. If you have any questions in understanding how the changes to tax affect you, please do get in touch with your usual contact at CB Reid.