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ARTICLE · 27 NOVEMBER 2023

Autumn Statement 2023 - Key Tax Measures Announced

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The Chancellor seemed in a particularly chipper mood as he got to his feet to deliver the Autumn Statement, and he was keen to pass on the feel-good factor to the watching nation.

United KingdomTax
Travers Smith LLP
Travers Smith LLP
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Autumn Statement 2023 – It's beginning to look a lot like... an Election?

The Chancellor seemed in a particularly chipper mood as he got to his feet to deliver the Autumn Statement, and he was keen to pass on the feel-good factor to the watching nation. With the Office for Budget Responsibility forecasting reductions in inflation and government borrowing in 2024 giving headroom for some reductions in tax, the tone of the Autumn Statement was optimistic, promising investment, supply side reform and future economic growth. While many commentators had predicted that this fiscal event might in fact be a non-event from a tax perspective, there were some interesting announcements which may suggest that the Government is gearing up for a General Election sooner rather than later in 2024.

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