1-20 of 2,686 results for subject:"Autumn statement"
Librarians' tools
- Search time
- 0.337 seconds
- Solr query time
- 0.006 seconds
- Search query
- subject:"Autumn statement"
- We searched for
- subject_t:"Autumn statement" OR subject_t:"Chancellor's autumn statement" OR subject_ses:90289
Type
House
Session
Year
Department
More
Member
More
Primary member
More
Answering member
More
Legislative stage
Legislation
Subject
More
Publisher
To ask His Majesty's Government what steps they are taking to encourage firms to continue to hire employees, following the changes announced in the Autumn Statement 2024.
To ask His Majesty's Government what steps they are taking to encourage firms to continue to hire employees, following the changes announced in the Autumn Statement 2024.
The Government has protected the smallest businesses from these changes by increasing the Employment Allowance from £5,000 to £10,500. This means that next year, 865,000 employers will pay no NICs at all, and more than half of all employers will either gain or will see no change. It means employers will be able to employ up to four full-time workers on the National Living Wage without paying any employer National Insurance contributions (NICs).
Businesses will still be able to claim employer NICs reliefs including those for under-21s and under-25 apprentices.
Achieving economic growth is vital. That’s why the growth mission is the central mission of the government. Through the growth mission, the Government is ensuring economic stability, increasing investment and reforming the economy. As laid out in the Plan for Change, the Government’s goal is to deliver higher living standards for people in every part of the United Kingdom and to build 1.5 million houses by the end of the Parliament.
The Budget was delivered by Chancellor Rachel Reeves on 30 October 2024. The Finance Bill 2024-25 received its second reading on 27 November.
The Budget was delivered by Chancellor Rachel Reeves on 30 October 2024. The Finance Bill 2024-25 received its second reading on 27 November.
To ask His Majesty's Government which Departments had not agreed their spending settlements ahead of the Autumn Budget Statement by 16 October.
To ask His Majesty's Government which Departments had not agreed their spending settlements ahead of the Autumn Budget Statement by 16 October.
All departments agreed their Spending Review settlements ahead of Autumn Budget. As you would expect, some technical details took longer to be worked through but the overall numbers were agreed within the expected timeframes. Details of the Settlements were announced by the Chancellor as part of her Budget speech yesterday, and are now available to be viewed online.
The Finance Bill 2023-24 was introduced on 27 November 2023. It received Royal Assent on 22 February 2024.
The Finance Bill 2023-24 was introduced on 27 November 2023. It received Royal Assent on 22 February 2024.
The autumn statement supported families and set out measures to grow the Scottish economy. With a stronger fiscal outlook, the Government have the space to cut taxes for hard-working people and businesses. That is highlighted by cuts to national insurance, benefiting 2.4 million people in Scotland, and the extension of full expensing, ensuring that the UK has one of the most competitive business tax regimes in the world.
The autumn statement supported families and set out measures to grow the Scottish economy. With a stronger fiscal outlook, the Government have the space to cut taxes for hard-working people and businesses. That is highlighted by cuts to national insurance, benefiting 2.4 million people in Scotland, and the extension of full expensing, ensuring that the UK has one of the most competitive business tax regimes in the world.
What assessment he has made of the impact of the Autumn Statement 2023 on the Scottish economy.
The Minister is correct that the autumn statement from this UK Conservative Government provided tax cuts for millions of Scots, provided support for businesses and invested to grow the economy. That was in stark contrast to the SNP’s budget last month, which hiked taxes on hard-working Scots, failed to pass on support to the hospitality, retail and tourism sectors, and has been widely criticised across Scotland. Does the Minister agree, as I do, with Sir Tom Hunter, who said at the weekend that the business community in Scotland does not believe that the SNP has its back, and does he agree that that must change?
The Minister is correct that the autumn statement from this UK Conservative Government provided tax cuts for millions of Scots, provided support for businesses and invested to grow the economy. That was in stark contrast to the SNP’s budget last month, which hiked taxes on hard-working Scots, failed to pass on support to the hospitality, retail and tourism sectors, and has been widely criticised across Scotland. Does the Minister agree, as I do, with Sir Tom Hunter, who said at the weekend that the business community in Scotland does not believe that the SNP has its back, and does he agree that that must change?
I agree with my hon. Friend, and Sir Tom is right too. Traders in Scotland have accused the SNP Government of undermining the rejuvenation of high streets across Scotland with their tax hike of 6.7% through business rates. The SNP must stop attacking employers and high-street traders who are already under tremendous financial strain because of the SNP’s mismanagement of Scotland’s economy.
I agree with my hon. Friend, and Sir Tom is right too. Traders in Scotland have accused the SNP Government of undermining the rejuvenation of high streets across Scotland with their tax hike of 6.7% through business rates. The SNP must stop attacking employers and high-street traders who are already under tremendous financial strain because of the SNP’s mismanagement of Scotland’s economy.
I agree with my hon. Friend, and Sir Tom is right too. Traders in Scotland have accused the SNP Government of undermining the rejuvenation of high streets across Scotland with their tax hike of 6.7% through business rates. The SNP must stop attacking employers and high-street traders who are already under tremendous financial strain because of the SNP’s mismanagement of Scotland’s economy.
The Minister is correct that the autumn statement from this UK Conservative Government provided tax cuts for millions of Scots, provided support for businesses and invested to grow the economy. That was in stark contrast to the SNP’s budget last month, which hiked taxes on hard-working Scots, failed to pass on support to the hospitality, retail and tourism sectors, and has been widely criticised across Scotland. Does the Minister agree, as I do, with Sir Tom Hunter, who said at the weekend that the business community in Scotland does not believe that the SNP has its back, and does he agree that that must change?
Despite devolution rendering it pointless, the budget of the Scotland Office, along with that of the Attorney
General, has jumped by over £3 million since 2018-19—it leapt up by £1.2 million just last year—while the Scottish Government’s budget allocation suffered a real-terms cut. Around 80 people currently work for the Scotland Office in Queen Elizabeth House alone, along with around 30 civil servants from the Department for Levelling Up, Housing and Communities. What on earth are they doing, and how does the Minister justify that to the Scottish taxpayer?
Despite devolution rendering it pointless, the budget of the Scotland Office, along with that of the Attorney
General, has jumped by over £3 million since 2018-19—it leapt up by £1.2 million just last year—while the Scottish Government’s budget allocation suffered a real-terms cut. Around 80 people currently work for the Scotland Office in Queen Elizabeth House alone, along with around 30 civil servants from the Department for Levelling Up, Housing and Communities. What on earth are they doing, and how does the Minister justify that to the Scottish taxpayer?
The team at the Scotland Office, both in Dover House and in Queen Elizabeth House in Edinburgh, are doing a tremendous job supporting Scotland across the United Kingdom and around the world. I would be very happy to welcome the hon. Lady to meet some of them with me, so that she can understand more clearly the important work that they do on our behalf across the UK.
The team at the Scotland Office, both in Dover House and in Queen Elizabeth House in Edinburgh, are doing a tremendous job supporting Scotland across the United Kingdom and around the world. I would be very happy to welcome the hon. Lady to meet some of them with me, so that she can understand more clearly the important work that they do on our behalf across the UK.
The team at the Scotland Office, both in Dover House and in Queen Elizabeth House in Edinburgh, are doing a tremendous job supporting Scotland across the United Kingdom and around the world. I would be very happy to welcome the hon. Lady to meet some of them with me, so that she can understand more clearly the important work that they do on our behalf across the UK.
Despite devolution rendering it pointless, the budget of the Scotland Office, along with that of the Attorney
General, has jumped by over £3 million since 2018-19—it leapt up by £1.2 million just last year—while the Scottish Government’s budget allocation suffered a real-terms cut. Around 80 people currently work for the Scotland Office in Queen Elizabeth House alone, along with around 30 civil servants from the Department for Levelling Up, Housing and Communities. What on earth are they doing, and how does the Minister justify that to the Scottish taxpayer?
Hear, hear.
Hear, hear.
What assessment he has made of the impact of the Autumn Statement 2023 on the Scottish economy.
What assessment he has made of the impact of the Autumn Statement 2023 on the Scottish economy.
The autumn statement supported families and set out measures to grow the Scottish economy. With a stronger fiscal outlook, the Government have the space to cut taxes for hard-working people and businesses. That is highlighted by cuts to national insurance, benefiting 2.4 million people in Scotland, and the extension of full expensing, ensuring that the UK has one of the most competitive business tax regimes in the world.
To ask the Chancellor of the Exchequer, pursuant to the Answer of 11 January 2024 to Question 8220 on Inflation, what specific (a) fiscal and (b) other steps he has taken to help reduce inflation; and what the outcome of each of those steps was.
To ask the Chancellor of the Exchequer, pursuant to the Answer of 11 January 2024 to Question 8220 on Inflation, what specific (a) fiscal and (b) other steps he has taken to help reduce inflation; and what the outcome of each of those steps was.
There are four key things the government has done to reduce inflation:
- Remaining steadfast in our support for the Bank of England as it takes action to return inflation sustainably to the 2% target.
- Keeping borrowing under control. Borrowing is lower this year and next than it was forecast to be in the Spring.
- Introducing ambitious supply-side measures to support non-inflationary growth, including delivering full expensing.
- Boosting labour supply. Labour market conditions are a key problem affecting UK businesses’ growth, as well as a significant driver of domestic inflation. Together, the packages at Autumn Statement and Spring Budget 2023 were the two largest increases to labour supply and potential GDP resulting from policy the OBR has ever scored.
The OBR confirms policies in the Autumn Statement reduce inflation next year and do not “have a material impact on the path of inflation” over the scorecard.
Inflation has more than halved, but it remains a challenge. The OBR forecasts inflation to return to the 2% target in the first half of 2025 and helping the Bank of England in its fight to do so remains a key focus.
To ask the Chancellor of the Exchequer, with reference to his Department’s publication entitled Impact on households: distributional analysis to accompany Autumn Statement 2023, published in November 2023, if he will publish a distributional analysis by region of the Autumn Statement 2023.
To ask the Chancellor of the Exchequer, with reference to his Department’s publication entitled Impact on households: distributional analysis to accompany Autumn Statement 2023, published in November 2023, if he will publish a distributional analysis by region of the Autumn Statement 2023.
The analysis contained in the Impact on households document is intended to set out the estimated impact of tax, welfare and public service spending decisions on households across the income distribution. This analysis is consistent with the Government’s official forecast from the Office for Budget Responsibility which is done on a UK-wide basis.
The relevant document can be found here: https://assets.publishing.service.gov.uk/media/6565cb0c888c060013fa7dff/FINAL_Impact_on_households_-_AS23_-_271123.pdf
To ask the Chancellor of the Exchequer, with reference to his Oral Statement of 22 November 2023 on the Autumn Statement, column 325, what assessment his Department has made of how much each of the steps he is taking has contributed to the reduction in inflation.
To ask the Chancellor of the Exchequer, with reference to his Oral Statement of 22 November 2023 on the Autumn Statement, column 325, what assessment his Department has made of how much each of the steps he is taking has contributed to the reduction in inflation.
The independent Office for Budget Responsibility (OBR) is responsible for producing forecasts for the UK economy, including making assessments of the impacts that Government policies have on inflation.
The full EFO can be seen here: Economic and fiscal outlook – November 2023 - Office for Budget Responsibility (obr.uk)
The National Insurance Contributions (Reduction in Rates) Bill [Bill 12 of 2023-24] was introduced on 23 November 2023.
The National Insurance Contributions (Reduction in Rates) Bill [Bill 12 of 2023-24] was introduced on 23 November 2023.
What assessment he has made of the impact of the Autumn Statement on the Welsh economy.
What assessment he has made of the impact of the Autumn Statement on the Welsh economy.
The autumn statement set out the UK Government’s plans to grow the economy and incentivise work so that economic growth can be felt throughout the United Kingdom. That will include a national insurance tax change from January, which will put £324 back into the pockets of 1.2 million workers across Wales.
What discussions he has had with Cabinet colleagues on the impact of the Autumn Statement on households in Wales.
What discussions he has had with Cabinet colleagues on the impact of the Autumn Statement on households in Wales.
I have regular discussions with Cabinet colleagues regarding UK Government support for households in Wales, so I was absolutely delighted that in the autumn statement the Chancellor announced a 9.8% rise in the national living wage, providing an extra £1,800 to the annual earnings of full-time workers.