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24 Mar 2022
UK Government Spring Statement 2022

UK Government Spring Statement 2022

Just before Christmas, the Chancellor asked the Office for Budget Responsibility (OBR) to produce an economic and fiscal forecast for 23 March.  The timing and brief nature of the accompanying Treasury announcement reflected Mr Sunak’s wish to keep the Spring Statement a low-profile event. This was not meant to be a March mini-Budget, despite what…

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28 Oct 2021
UK Government Autumn Budget 2021

UK Government Autumn Budget 2021

The first autumn Budget for three years was a three-part presentation.  The Chancellor’s well-trailed speech was accompanied by the first multi-year Spending Review since 2015 and the latest Economic and Fiscal Outlook (EFO) from the Office for Budget Responsibility (OBR). Mr Sunak’s previous two Budgets had been dominated by the pandemic, which has wreaked havoc…

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4 Mar 2021
UK Government Budget 2021

UK Government Budget 2021

On some counts this Budget was Rishi Sunak’s 15th major announcement since his first Budget, just under a year ago.  During this period, the pandemic has dominated the Chancellor’s actions and this was true of his latest Budget.  To no small degree the framework for Mr Sunak’s latest appearance at the despatch box had been…

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26 Nov 2020

UK Government Spending Review 2020

Late November should have seen the Chancellor announce his Autumn Budget and a comprehensive spending review covering the next three financial years. Like many other plans, the uncertainty created by the pandemic has put both on hold. In their place was a Financial Statement, primarily addressing a one-year spending review, with a nod to the…

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12 Mar 2020
UK Government Budget 2020

UK Government Budget 2020

Rarely have we seen a Budget delivered against such a dramatic existential threat to the global economy.  The fact that the Coronavirus will have a major impact on the major economies of the world is not in dispute.  The extent of that impact on the UK economy is a significant judgment call for a Chancellor…

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14 Mar 2019
UK Government Spring Statement 2019

UK Government Spring Statement 2019

There can seldom have been such little interest in a set piece UK Government announcement as was afforded the Chancellor’s Spring Statement yesterday.  Large spaces on the green benches in the House of Commons, reduced to an afterthought on the main news channels last night and a lack of column inches in today’s newspapers tells…

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