It has been announced that Chancellor Kwasi Kwarteng will deliver an emergency mini-budget on Friday 23rd September.
It is expected the chancellor will bring in additional winter tax cuts and set out more detail on the energy price cap announced by Prime Minister Liz Truss on 8th September.
It is also likely that the government will confirm plans to reverse the recent rise in national insurance, which increased by 1.25% in April this year.
We may also see planned rises to corporation tax scrapped, as well as changes to business rates and cuts to VAT, to help businesses with the ongoing energy crisis.
Whatever is announced next week, it’s likely to be an interesting one and a budget that is set to impact both households and businesses.
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