On Wednesday 22nd November, Chancellor of the Exchequer Jeremy Hunt presented his 2023 Autumn Statement to Parliament covering “110 measures to help grow the economy” in this pre-election year announcement.
He set out a plan that focused on five areas: reducing debt; cutting tax and rewarding hard work; backing British business; building domestic and sustainable energy; and delivering world-class education.
The ‘flagship’ tax cutting measure came in the form of a 2p cut in the main rate of Employee National Insurance (Class 1 NICs), from 12% to 10%, from 6 January 2024. This is set to benefit 27 million workers.
Here is our free guide covering the changes that were announced.
We hope you find it useful.
Thomson Cooper Autumn Statement Guide 2023
