Chancellor announces new Growth Plan

The Chancellor today (Friday 23 September) unveiled his Growth Plan.

• Chancellor unveils new growth plan, tackling energy costs to bring down inflation, backing business and helping households.
• Corporation tax rise cancelled, keeping it at 19% as government sets sights on 2.5% trend rate of growth.
• Basic rate of income tax cut to 19% in April 2023 – one year earlier than planned – with 31 million people getting on average £170 more per year.
• Stamp Duty cuts will help people on all levels of the property market and lift 200,000 homebuyers every year out of paying the tax altogether.
  
  

For further information please visit GOV.UK