Spring Budget 2023
On Wednesday 15th March 2023, Chancellor Jeremy Hunt announced the details of the Spring Budget, with a focus on getting people back into work and boosting the economy.
Repayment agency banned from trading
HMRC: ‘We will not allow a small number of bad actors to tarnish the reputation of the whole tax agent sector’.
Spring Budget: SMEs feeling overlooked and undervalued
FSB: ‘While there are some positive words in today’s Budget, the Government’s lack of support for small firms in critical areas is glaring. The Chancellor stressed that the UK is one of the best places to do business and we’ll avoid a technical recession this year – but small businesses need more ambition and more focus’.
Government urged to focus on more age groups to boost labour market
CIPD: ‘As our analysis shows, it’s important that the current focus on addressing the decline of over-50s in employment doesn’t obscure the need and opportunity to get more young people into work’.
Chancellor urged to tackle childcare crisis in Spring Budget
FSB: ‘To make sure more people can work, and we can secure growth in the long term, the Chancellor has a real opportunity to tackle the domino effect that rising childcare costs have on the workforce’.
Calls for Chancellor to improve HMRC service levels
CIOT: ‘The problems currently faced by taxpayers and their advisers when trying to get in touch with HMRC are having a big impact on both businesses and individuals’.
UK firms urged to be more open to hiring older workers
Robert Half: ‘The current hiring, training and talent management landscape isn’t geared towards older demographics’.
SME concern over looming fuel duty hike
FSB: ‘If fuel duty rises as planned, it would represent a missed opportunity to remove one of the obstacles that will hinder growth – but the Chancellor still has the power to rectify that mistake in next month’s Spring Statement’.