Tax take hits £368.9bn in six months
Income tax and National Insurance drive the increase.
Inflation rises to 10.1% in September
The rate of inflation returns to July’s 40-year high.
Old MTD for VAT portal to close
Businesses have until November to become MTD-compliant.
Triple lock pensions under question
Triple lock pensions may be off the table as inflation soars to 10.1%.
Charities warned against online fraud
One in eight charities experienced cybercrime in the last 12 months.
Chancellor reveals measures ahead of medium-term fiscal plan
Reversing mini-budget decisions will raise around £32bn a year.
PM scraps corporation tax decision
Corporation tax will still rise to 25% in latest U-turn.
Insolvencies hit highest levels in over a decade
Q2 2022 saw 5,629 insolvencies in England and Wales.
UK economy shrinks by 0.3% in August
Decrease in GDP strengthens concerns of recession.
Government needs to “balance books” with cuts
Industry claims Chancellor will need to cut £62bn.
IR35 off-payroll rules repealed
Changes to IR35 will come into effect next year.
Autumn Budget brought forward to 31 October
An OBR forecast will be published alongside the budget.