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"The United Kingdom Budget statement is made by the Chancellor of the Exchequer, a member of the Government who is responsible for all economic and financial matters. He controls HM Treasury. ands the revenues gathered by Her Majesty's Revenue and Customs and the expenditure of public sector departments and can raise taxes and duties according to the needs of the economy. After the Prime Minister he is the most important state officer. The Budget is normally an annual event in March, but in more recent times a mini budget has also been held in November. The budget speech is always carried to the House of Commons in a red briefcase, known as Ministerial Boxes, or Red Boxesaa. This red briefcase has become representative of the annual UK Budget. Historically, it dates back to the first use by William Gladstone in 1860."

Autumn Budget 2024: The Key Changes and What They Mean for You

November 11, 2024

UK Budget

The Chancellor's Autumn Budget 2024 introduces pivotal changes aimed at driving economic growth and providing cost-of-living support. Some changes carry heavier implications for businesses and households alike. Here, we’ll cover the highlights, emphasizi ...

Key takeaways from the UK Spring Budget 2024, for your business.

March 17, 2024

UK Budget

UK Chancellor Jeremy Hunt presented the Spring Budget on the 6th of March 2024. This year's budget underscores a commitment to reducing tax rates, encouraging investment, and fostering sustainable, long-term growth.Opening remarks. Jeremy Hunt says the UK ...

The Chancellor’s Plan; Key takeaways from the Autumn Budget 2023

November 30, 2023

UK Budget

As the dust settles from the Autumn Budget, Chancellor Hunt's economic roadmap emerges. Here at AccNet, we are ready to simplify the complexities, providing clarity on the fiscal path ahead.Chancellor Jeremy Hunt unveiled 110 policies in the Autumn Statem ...

Autumn Statement 2022: Everything busy business owners must know.

November 25, 2022

UK Budget

AccNet rounds up the most relevant 2022 Autumn Statement changes. The Autumn Statement 2022 came at a time of significant economic challenge for the UK and global economy. Chancellor, Jeremy Hunt, gave his long-awaited full fiscal statement on 17 Novemb ...