Against a backdrop of rising inflation and increasing concern about a “cost of living crisis” in the UK, the newly appointed Chancellor, Kwasi Kwarteng, laid out the Government’s plans for growing the UK economy in his “Growth Plan 2022”, released 23 September 2022. This “mini-Budget” included the announcement of what will be the largest package of tax cuts implemented in the UK since the 1970s, amongst other measures.
Here are eight key takeaways:
