Chancellor Jeremy Hunt delivered his 2023 Spring Budget speech yesterday, outlining a range of financial measures.
Mr Hunt outlined a £27 billion transformation of capital allowances; a £500 million package for research and development (R&D)-intensive businesses; and reforms to childcare.
The Chancellor also announced the abolition of the pensions lifetime allowance and increased the pensions annual tax-free allowance from £40,000 to £60,000.
Our comprehensive Budget Summary outlines the key measures, including some of the less-publicised changes that may impact upon your business or personal finances.
For a detailed overview, please read our full 2023 Spring Budget report here.
|If you need advice on any of the announcements from the Spring Budget and how they may impact you or your business, please do not hesitate to contact us.