On 17 November 2022, the Chancellor Jeremy Hunt presented the government’s third fiscal statement in as many months, against a backdrop of rising inflation and economic recession.

The government sought a balanced path to support the economy and return to growth, partially through public spending restraint and partially through tax rises.

Our summary provides an overview of the key announcements arising from the Chancellor’s statement. However, it also looks beyond the headlines and offers details on the less-publicised changes that are most likely to have an impact upon your business and your personal finances.

We hope our summary will provide you with a useful update and allow you to get to grips with the changes. If you have any questions in understanding how the changes to tax affect you, please contact us .