Spring Budget 23: What to expect?

Jeremy Hunt to speak

Cristian Angeloni
clock • 2 min read

Chancellor of the Exchequer Jeremy Hunt is set to announce several reforms for pensions, childcare, energy, corporation tax and fuel duty in his Spring Budget later today (15 March).

Hunt is expected to focus his budget on halving inflation - which remains at a 40-year high of 10.1% - and introduce reforms in an attempt to boost economic growth. He will announce tax breaks for businesses, who will be able to offset investments in the UK to reduce their corporation tax bill. Corporation tax, on the other hand, is set to rise from 19% to 25% in April 2023, although there has been resistance on the future hike as many Tory MPs believe an increase could put companies off investing in the UK. This sentiment was shared by Brian McBride, president of the Confederation...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

CFO turnover reaches highest level in six years due to 'fierce' market pressure

CFO turnover reaches highest level in six years due to 'fierce' market pressure

Private equity lures CFOs away

Linus Uhlig
clock 31 March 2025 • 3 min read
Enter now for IW Sustainable Investment Awards 2025

Enter now for IW Sustainable Investment Awards 2025

Closing date for entries is 9 May

Katrina Lloyd
clock 25 March 2025 • 3 min read
Advisers and retail investors warned on Aviva £450m preference share cancellation impact

Advisers and retail investors warned on Aviva £450m preference share cancellation impact

Follows institutional investor vote that saw none vote against

Jen Frost
clock 21 March 2025 • 9 min read
Trustpilot