The Autumn Statement 2022 – Lovewell Blake
November 18, 2022
“The government are aiming for short-term pain with long-term gains. Ultimately there are difficult times to come.”
-James Rix, Manager for Lovewell Blake LLP
and committee member of the Ely & East Cambs Local Chamber
On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession.
The Chancellor laid out three core priorities of stability, growth and public services. The government sought a balanced path to support the economy and return to growth, partially through public spending restraint and partially through tax rises.
You can read a full report of what was announced in the Autumn Statement here.
You can also watch a recording of their Autumn Statement Webinar with our tax specialists here.
Many other members of staff contributed to articles on topics discussed in the statement, updates can be found in the news section of the website here.