In his first Mini Budget speech, Chancellor Kwasi Kwarteng unveiled a package of tax cuts, including a cut of the basic rate of income tax from 20% to 19% from April 2023, a year earlier than planned, and scrapping the 45% top rate. Here Julia Bahr gauges industry reaction.
While the Mini Budget is an aggressive tax-cutting fiscal event, it doesn’t necessarily mean most people will see more in their pockets next year than they had this year, writes Scott Gallacher
Locking in good credit lines, reducing unnecessary overheads, and considering whether new clients can be taken on are among the measures suggested by advisers to keep firms above water as the energy crisis worsens.
Scottish First Minister Nicola Sturgeon has announced a rent freeze, designed to help tenants stay on top of their finances, amid spiralling energy bills and rising prices. The SNP, part of a coalition government, has tabled emergency legislation, effective from September 6, which stops public and private landlords
Locking in good credit lines, reducing unnecessary overheads, and considering whether new clients can be taken on are among the measures suggested by advisers to keep firms above water as the energy crisis worsens.