What the Chancellor, Kwasi Kwarteng, presented to the House of Commons on Friday was definitively not a Budget, it was ‘The Growth Plan’. The sixth Chancellor since 2016 was careful to avoid the ‘B’ word, despite the huge sums of spending and borrowing that he announced – greater than in most, if not any, real Budgets, let alone mini-Budgets. When the Autumn Budget proper emerges – probably in November or December – it is most unlikely to contain anywhere near such a wide range of radical and costly measures as were announced on 23rd September.
In this Newsletter we look at the impact of the changes and the energy support packages due to operate from 1st October. Please click on this link to access our summary.