Cookies on the Attwoods website

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the Attwoods website.

Open

Latest news

Explore insightful perspectives and expert advice on finance

Home |Latest news |New Chancellor set to deliver statement on Medium-Term Fiscal Plan

Latest news

Browse by category
Business News

New Chancellor set to deliver statement on Medium-Term Fiscal Plan

October 17 2022

New Chancellor Jeremy Hunt will make a statement today to bring forward measures from the upcoming publication of the government's Medium-Term Fiscal Plan on 31 October.

The statement follows conversations between Prime Minister Liz Truss and the Chancellor in regard to ensuring that sustainable public finances underpin economic growth.

The Treasury confirmed that the Chancellor will deliver the Medium-Term Fiscal Plan on 31 October, alongside the publication of an economic forecast from the Office for Budget Responsibility (OBR).

Experts predict that Mr Hunt will use today's statement to delay the plan to cut the basic rate of income tax from 20p to 19p.

Commenting on the matter, Paul Johnson, Director of the Institute for Fiscal Studies (IFS), called for the government to 'get a grip on public finances'. He said: 'If all we get is delay of 1p off income tax to when it was supposed to be in a couple of years' time, I'm not clear how that helps.

'It may be that is reversed altogether and is therefore even tighter than Rishi Sunak was intending to be.'

Here to help

Please complete the form below and our expert team will be in touch.

  • Contact details

    • *
    • *

  • What services are you interested in?

    • *

  • Message

    • *

  • Which location would you like to contact?

  • Communication

    • *Indicates a required fields.†At least one form of contact is required.

      By submitting this form, you agree that Attwoods can process your information in order to respond to your enquiry. For more information visit our Privacy Policy.

Bromsgrove
Bromsgrove

Attwoods is proudly based in the historic market town of Bromsgrove, Worcestershire

  • 182 Worcester Road
  • Bromsgrove
  • Worcestershire
  • B61 7AZ
Call us01527 874170
Learn more about BromsgroveGet in touch
Evesham
Evesham

Attwoods is proudly based in the picturesque town of Evesham, Worcestershire; nestled in the heart of the Vale of Evesham

  • 90-92 High Street
  • Evesham
  • Worcestershire
  • WR11 4EU
Call us01386 424388
Learn more about EveshamGet in touch
Pershore
Pershore

Attwoods is proudly based in the Georgian market town of Pershore, Worcestershire.

  • Perrott House
  • 17 Bridge Street
  • Pershore
  • Worcestershire
  • WR10 1AJ
Call us01386 554870
Learn more about PershoreGet in touch
  • Xero Logo
  • Gold Partner Logo
  • Sage
  • QuickBooks Platinum

The practices of Attwoods are carried on by Attwoods Accountants Limited, Attwoods Business Services Limited, Attwoods (Bromsgrove) Limited. Regulated for a range of investment business activities by the Association of Chartered Certified Accountants.