Autumn Statement 2022
After the former Chancellor Kwasi Kwarteng’s Growth Plan on 23 September 2022, Jeremy Hunt’s appointment on 14 October, the reversal of many of the Growth Plan measures on 17 October and a new Prime Minister on 25 October, many were hoping for a relatively low-key Autumn Statement. This wish was largely granted as, while the…
READ MOREAutumn Statement 2022: impact on global mobility
The Chancellor announced in the Autumn Statement a general increase in employment tax costs. Organisations with internationally mobile workforces should consider how they are impacted. Below we explore some of the consequences of the Autumn Statement on globally mobile employees: Income tax and national insurance (NIC) The biggest announcement was the decrease in the level…
READ MORESpring Statement 2022
The Chancellor of the Exchequer’s Spring Statement was intended to be a low-key affair, with the main fiscal event of the year due to be held in the Autumn. Against the backdrop of the war in Ukraine and the effects it has had in exacerbating the cost-of-living crisis, however, there were demands on the Chancellor…
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