Following today’s Mini Budget from new Chancellor Kwasi Kwarteng, we have prepared a round-up of some of todays’ key announcements...
Today has seen a real sea change in economic orthodoxy. The Chancellor has announced tax cuts to stimulate economic growth and release potential in the economy. It is the biggest tax cutting budget for 50 years and a massive economic shake-up and cutting of regulations, with estimates that the Government will borrow up to £45 billion to pay for tax cuts.
The markets saw the pound take an instant hit at the announcements – hitting a 37-year low against the dollar. Warnings come that interest rates could double to over 5% within a year.
The Government estimates 31 million people will be £170 a year better off with today’s announcements.
Some key points include:
"The Walker Group has worked with Dutton Moore for more than 30 years. They have acted on behalf of all the Group’s companies and the family and are trusted and highly experienced business accountants, auditors and business advisers."
Lee Davies, A.C.A, Financial Director, Walker Group
"We have worked with Dutton Moore for many years and have always received a first-rate service. The team at Dutton Moore provide us with invaluable accountancy, strategic planning and business advice as we continue to be a growing business in this region."
Simon Gibson, Director at Simon Gibson Transport Ltd, Goole, East Yorkshire
Grain merchants and farmers, Burstwick, East Yorkshire:
Jeremy Saunt, Director at Johnson and Saunt
"We have been clients of Dutton Moore for more than 20 years – they carry out all our accountancy work and business advice, their service and attention to detail is outstanding."
"Dutton Moore are an excellent provider of financial services for significant Hull based businesses such as Smales. We have worked with the firm for many decades and are guaranteed sound financial and business advice, alongside the general accountancy services that they provide. What is key for my Company is the direct involvement of the partners with the Smales management."
Robin Orr B.Com; C.A; C.T.A, Financial Director, F.Smales & Son (F.M.) Ltd, Hull
"Having worked with Dutton Moore for many years now, we have always found the service extremely professional, prompt and courteous. As a growing business over the years their advice has been exemplary and without their valuable assistance in accounting and strategic planning we would have found the many transitions of growth a lot more challenging."
Richard Spencer, Commercial Director, Spencer Signs Ltd, Hull
A round-up of todays’ first Labour Budget from Chancellor Rachel Reeves, from Tax Partner Colin Hamilton... Today’s Budget sees one of the largest increases in tax and spending in recent history. It represents the Labour governments vision of Big Taxes / Big Spending / Big Borrowing in response to a perceived £22B ‘financial black hole’ and the need to re...
Dutton Moore Chartered Accountants and Business Advisers were delighted to sponsor the kit for the First VII netball team of Hymers College as they successfully competed in a regional school’s netball tournament. Supporting local teams, especially sporting teams, is important to all at Dutton Moore – and as such the accountancy practice were pleased to...
The Chancellor of the Exchequer's budget is set against a very challenging economic backdrop with a looming general election. The £400 billion bill for Covid and £100 billion bill for employment and energy support packages plus other financial headwinds (including much higher interest rates etc flowing from the discredited strategies pursued by the previous Prime Minist...