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UK government performs fiscal U-turn
Reading Time: 2 minutesUK: New chancellor Jeremy Hunt has announced that the majority of measures in his predecessor Kwasi Kwarteng’s mini-budget will be scrapped.
UK mini-budget: How it will affect hospitality
Reading Time: 5 minutesUK: Chancellor Kwasi Kwarteng has announced a series of tax cuts in a mini-budget aimed to boost economic growth. The raft of measures revealed in today’s mini-budget come at a time when the UK is facing energy bill hikes amid the backdrop of soaring inflation. Some key decisions announced by Kwarteng that affect hospitality include: […]