Welcome to our Overview of the Autumn Mini Budget 2022 that is set out in the PDF attachment to this email.
Kwasi Kwarteng, the new Chancellor of the Exchequer, has delivered his Autumn Mini Budget, in which he outlined his plans to boost the economy and help households and businesses through the cost of living crisis.
The government had been under pressure to hold an emergency Budget for some time, but ruled out making significant policy announcements over the summer due to the ongoing leadership contest.
New prime minister Liz Truss has already sought to address some key concerns, with recent announcements on energy bill support for homes and businesses. However, her leadership campaign also centred around other key issues, notably cutting taxes.
The Autumn Mini Budget gives us our first detailed look at how the Truss government plans to manage the economy, although it is notable that the Treasury has refused to publish forecasts from the Office for Budget Responsibility alongside it.
The report sets out the economic background, the measures introduced by the Chancellor and the early reaction to his speech.
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