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Chancellor Rishi Sunak made his Autumn Budget 2021 speech on 27 October 2021, the highlights of the speech are as follows:  

[this page is being updated during and after the speech]

Inflation has hit 3.1%. Growth predictions are revised up from 4% to 6.5%. It is forecast that the economy will return to pre-COVID levels by the turn of the year.

Unemployment to peak at 5.2% which means there will be over 2 million less unemployed than expected. Wages have grown by 3.5% since 2020.

A budget for a new economy post COVID. 

The Office of Budget Responsibility (OBR) is to have a New Charter going forward:

HGV driver shortages

Government spending: levelling up public services

Businesses

Creative tax reliefs

R&D tax relief

Tonnage tax

Air Passenger Duty (APD)

Corporation Tax (CT)

Capital allowances

Review of business rates

Individuals

Misc duties

 

 


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