One Four Nine Wealth Guide to the Mini-Budget 2022
A comprehensive guide to the growth plan and key announcements
The Chancellor of the Exchequer, Kwasi Kwarteng, announced on Friday 23 September his Growth Plan 2022 to release the huge potential in the British economy by tackling high energy costs and in-flation and delivering higher productivity and wages. This is the biggest package of tax cuts in gener-ations and has been hailed a ‘new era’ for the UK economy.
The Growth Plan 2022 comes amid a cost-of-living crisis that has left millions of households strug-gling to pay their bills as fuel, food and energy prices soar. The government hopes that by cutting tax it will put more money in people’s pockets and help boost the economy.
Mr Kwarteng said a major change of direction was needed to kick-start economic growth. Described as a Mini-Budget, or a fiscal event, there was enough affecting your finances in this statement to fill any full-scale Budget.
Read our Mini-Budget 2022 here.
What does the Mini-Budget 2022 Growth Plan mean for you?
In our comprehensive guide to the Mini-Budget 2022 Growth Plan, we reveal the key announcements. If you have any questions or would like to discuss your situation please do reach out to your local investment, financial advisory or planning team here.