News & Events
Emergency mini-budget announced
16th September 2022
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.
Rowleys will provide a full summary of the key announcements made following the chancellor’s mini-budget. This will be available on our website and by email. If you would like to receive our full mini-budget summary, please email: jo@rowleys.biz to subscribe to our budget updates email list.