Joined in 2023 
82 
63 About this deal
Support for Mortgage Interest: reduce wait period from 9 to 3 months and abolish the zero earnings rule More detail on the scheme can be found here: Energy Markets Financing Scheme:Contingent Liability - Hansard - UK Parliament. ↩
In light of the deterioration in the economic outlook since the Spring, the government must now take further action to return the public finances to a sustainable path.Review of the Energy Bill Relief Scheme (EBRS) - A HM Treasury-led review of the EBRS will determine support for non-domestic energy consumers, excluding public sector organisations, beyond 31 March 2023. The government has today published terms of reference for the review, with the findings to be published by 31 December 2022. While the government recognises that some businesses may continue to require support beyond March 2023, the overall scale of support the government can offer will be significantly lower, and targeted at those most affected to ensure fiscal sustainability and value for money for the taxpayer. National Insurance: maintain the secondary threshold for employer contributions at current level from April 2023 until April 2028(7) Introduce an Income Inclusion Rule (IIR) which will require large UK headquartered multinational groups to pay a top-up tax where their foreign operations have an effective tax rate of less than 15% c) Euro area 10.7% October inflation is a flash estimate, and may be subject to revision when the final figures are published.
Options to improve the A75 - The government is reconfirming its commitment to work with the SG on options to improve the A75, in line with the findings from the Union Connectivity Review. The government has offered development funding to support this, subject to a business case from SG. Together with continued investment across the sector, including in training and technology, this will put the adult social care system on a stronger financial footing and improve the quality of and access to care for many of the most vulnerable in our society. keeping the UK’s headline Corporation Tax Rate internationally competitive at 25% – the lowest in the G7 – and protecting 70% of trading companies at 19% with the Small Profit Rate NHS workforce plan - The government is publishing a comprehensive NHS workforce plan, including independently verified workforce forecasts, next year. This will include measures to make the best use of training to get doctors, nurses and allied health professionals into the workforce, increase workforce productivity and retention.Science and innovation are some of the UK’s greatest strengths. With less than 1% of the world’s population, the UK hosts 3 of the world’s 10 best universities, [footnote 31] has produced up to 13% of the world’s most impactful research [footnote 32] and has the second highest number of Nobel Laureates of any nation. [footnote 33] The UK also ranks fourth in the Global Innovation Index. [footnote 34] These remarkable achievements in R&D and innovation generate significant economic and social benefits for the whole of the UK and beyond. Autumn Budget and Spending Review 2021:A Stronger Economy for the British People, UK Government, September 2021. ↩ OECD Pillar 2 - Following consultation, the government will legislate to implement the globally agreed G20-OECD Inclusive Framework Pillar 2 framework in the UK. For accounting periods beginning on or after 31 December 2023 the government will: HM Treasury calculation of the underlying CPI basket, based on Consumer price inflation, UK:October 2022, Office for National Statistics, November 2022. ↩ The government recognises the importance of supporting upskilling throughout people’s lives, and so is introducing the Lifelong Loan Entitlement from 2025 to provide more flexible finance for adults to study throughout their lives. Investment
Sustainable public finances provide the stability and confidence that underpin the economy, supporting businesses and households across the country. By taking the responsible decisions needed to achieve fiscal sustainability, the government is providing the necessary conditions for economic growth. Benefit Up-rating – Estimated number and type of GB families and individuals in families benefitting from the up-rating of benefits in 2023-24, 17 November 2022. ↩ In ensuring sustainable public spending, the government’s focus is on protecting vital public services, prioritising the needs of low-income households and levelling up the country.The government’s priorities are stability, growth and public services. Economic stability relies on fiscal sustainability – and the Autumn Statement sets out the government’s plan to ensure that national debt falls as a proportion of the economy over the medium term. This will reduce debt servicing costs and leave more money to invest in public services; support the Bank of England’s action to control inflation; and give businesses the stability and confidence they need to invest and grow in the UK.
Great Deal 
New Comment