The ‘mini budget’ by Kwasi Kwarteng on 23rd September 2022 felt like a knee jerk reaction and was questioned by many, bringing with it significant market uncertainty and bringing the value of the pound to an all-time low. The turbulent time that followed raised more questions and had a detrimental impact on the UK economy and ultimately the UK Government. The Autumn Statement published in November was an opportunity for us all to see if the new Prime Minister can ensure that stability and confidence will be restored.
In this statement review, we look at its effect on business policy, taxation, economic growth, and its impact on the construction sector. Click below to view (PDF).