Q&A People Matter’s Post

UK Spring Budget 2024: What was announced? Before the Spring Statement was announced last week, there was a lot of speculation surrounding what it might include. Back in November, the Chancellor’s Autumn Budget had a focus on aspects like national insurance, economic growth, minimum wage, full expensing, and inflation. But did this new update cover similar themes? In our latest blog, Matthew Muldoon (VP of Financial Management Solutions at Advanced) assesses how the government’s plans have progressed since the autumn, highlighting some of the predictions that were made before Wednesday’s announcement, and then unpicking the key points to emerge from it: ➡https://lnkd.in/eRqsBYWy #SpringStatement #EconomicForecast #FinanceInsights

Read my analysis of the Chancellor's budget announcements, economic challenges, and future implications for individuals and businesses. Will this be the last budget before a change in power? #springstatement #ukpolitics #smebusiness https://lnkd.in/eNu56JG4

Advanced's VP of Financial Management Solutions, Matthew Muldoon summarizes the recently unveiled Spring Budget 2024, which brings both optimism and strategic measures. Despite allocating additional funding to address various local needs, UK councils are still faced with an average of 23.3% real-term drop in funding since 2010/11. Learn how Advanced can help save you time and money, to focus on what really matters for your residents #UKspringbudget #technology #efficiency

Chancellor Rachel Reeves delivered Labour’s first #AutumnBudget in 14 years last week, focusing on ‘fixing the foundations’ and delivering economic stability. Read more on this and other news in our latest #NewsinReview #Budget #OBR #USelection

Chancellor Rachel Reeves delivered Labour’s first #AutumnBudget in 14 years last week, focusing on ‘fixing the foundations’ and delivering economic stability. Read more on this and other news in our latest #NewsinReview #Budget #OBR #USelection

📊Reeves’ Autumn 2024 Budget. Foundations: Fixed. Ambitions: Mixed Read Curia's initial analysis of Chancellor Rachel Reeves' Budget, exclusively published for all readers. 'This budget will go a long way in fixing the foundations of the economy. The same cannot be said about the budget’s three other aims'. Read on below 👇 https://lnkd.in/en5B78SP #politics #ukpolitics #politicsuk #parliament #ukparliament #parliamentuk #government #ukgovernment #governmentuk #Chancellor #Budget #Statement #Reeves #RachelReeves #Treasury #HMTreasury #Economy #UKEconomy #EconomyUK #FiscalPolicy

The Chancellor delivered his Spring Budget during which he provided an economic update from the Office for Budget Responsibility (OBR), showing that inflation is expected to fall below the 2% target level in “a few months’ time.”  Read more on this in our latest #NewsinReview 

📢💼💰 Spring Budget 2024: the implications for the UK economy and the next government. Despite mixed reactions, the budget sets the stage for policy outcomes under future leadership. See Azad Zangana's commentary on this below 👇 https://lnkd.in/e7QU66sU

Chancellor Rachel Reeves delivered Labour’s first #AutumnBudget in 14 years last week, focusing on ‘fixing the foundations’ and delivering economic stability. Read more on this and other news in our latest #NewsinReview #Budget #OBR #USelection

“Today’s budget presented a historic opportunity to put the UK on a new path of economic renewal. While elements of the budget deliver a commendable break with the past, elsewhere it fell short of the bold change needed. “The decision to change outdated fiscal rules and unlock up to £100bn of new public investment is welcome and long overdue. This will help to upgrade crumbling infrastructure and accelerate the net zero transition across the UK. In contrast, the outlook for day-to-day departmental spending remains extremely challenging. While the £40bn raised by increasing employer national insurance, capital gains tax, and inheritance tax has avoided further cuts, it does little to reverse the decade of austerity that has left many departments at breaking point. If the chancellor is serious about rebuilding public services, more fundamental tax reform will be needed. “While the welcome increase in the minimum wage will help low-paid workers, elsewhere the budget failed to protect the most vulnerable households. The decision to increase bus fares, maintain the two-child benefit cap and remove winter fuel payments will exacerbate insecurity for many at a time of growing hardship.  “While the budget contains some cause for optimism, it falls short of delivering what the UK economy really needs: a truly transformative agenda to rebuild public services, tackle poverty, and create a greener, more prosperous future for all.” Our co-director Laurie Macfarlane on today's UK Budget.