Spring Budget 23: What to expect?

Jeremy Hunt to speak

Cristian Angeloni
clock • 2 min read

Chancellor of the Exchequer Jeremy Hunt is set to announce several reforms for pensions, childcare, energy, corporation tax and fuel duty in his Spring Budget later today (15 March).

Hunt is expected to focus his budget on halving inflation - which remains at a 40-year high of 10.1% - and introduce reforms in an attempt to boost economic growth. He will announce tax breaks for businesses, who will be able to offset investments in the UK to reduce their corporation tax bill. Corporation tax, on the other hand, is set to rise from 19% to 25% in April 2023, although there has been resistance on the future hike as many Tory MPs believe an increase could put companies off investing in the UK. This sentiment was shared by Brian McBride, president of the Confederation...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

Door's Shilpan Patel: Culture takes centre stage

Door's Shilpan Patel: Culture takes centre stage

Fund selectors increasingly aware of poor culture

Shilpan Patel
clock 27 June 2025 • 3 min read
Artemis' Gent on how active houses can succeed in an evolving marketplace and strategies for growth

Artemis' Gent on how active houses can succeed in an evolving marketplace and strategies for growth

Time of rapid evolution for the wealth and intermediary sector

Katrina Lloyd
clock 26 June 2025 • 7 min read
Winners Gallery: Fund Manager of the Year Awards 2025

Winners Gallery: Fund Manager of the Year Awards 2025

Ceremony on 19 June

Investment Week
clock 24 June 2025 • 1 min read
Trustpilot