Find out what was announced, where the CBI had impact, and the implications for your business.
One thing this Autumn Statement wasn’t short of was announcements. With the Chancellor speaking for around an hour, there’s a lot to unpack for businesses.
But the central theme of the speech was clear: the government’s three priorities are stability, growth and public services. Whether they ticked all these boxes sufficiently, however, is a tale of two halves.
On stability: stabilising the UK’s public finances inevitably means difficult decisions must be taken. A freeze of the threshold for employer National Insurance contributions (NICs) and further windfall taxes are among the stings in the tail for business. But overall, with the reaction of the markets muted, it looks as if the government is on the right path to stability.
On growth: the plan for growth was somewhat weaker and mixed. While the scale of the fiscal challenge remains sizeable, the choice to delay the toughest aspects of fiscal consolidation until the country returns to growth ma
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