Autumn Budget 2023

Blue Isometric Design

The Autumn Budget 2023 was announced by Jeremy Hunt, the Chancellor of the Exchequer, on 22nd November 2023.

The Chancellor unveiled plans to the Office for Budget Responsibility (OBR) to address ever-present, fluctuating inflation rates, stemming from continued energy price hikes and cost-of-living pressures that continue to be felt. New inflation forecasts have been provided by the independent watchdog that would position the government to remain on target to hit its 2025 targets.

The budget proposes several changes to the National Living Wage and National Insurance – a tax paid by millions of workers (including the self-employed), as well as highly anticipated business tax breaks for equipment expenses. Efficiency savings across Whitehall have been promised, as well as artificial intelligence, green technology, and investment zone funding.

The budget also proposes several changes to state pensions from April 2024 as the government continues to honour the triple lock. The Chancellor expressed a commitment to address anticipated pension pot reforms too, with the budget presenting changes to Universal Credit and several disability benefits as well.

Our Autumn 2023 budget summary is available in detail and covers each point in intricate detail:

Download the full report here.


The incumbent Conservative government has been the current governing party in the UK since 2010. The government is firm in its promise to the electorate that it will deliver significant economic progress for businesses and individuals. Speculation continues to grow around when the next general election will take place and whether Prime Minister Rishi Sunak will call for one before the automatic dissolution of Parliament in December 2024.

Point of Contact
Oliver Spevack

Oliver Spevack

Why Choose Hamlyns?

Personalised Service

We take a unified and unique approach to accountancy; providing an individual service to our clients

Time & Dedication

We take the time to offer proactive and innovative advice that help our clients achieve their long-term goals

Holistic Approach

Our holistic approach offers a combination of professionalism, a personal touch and attention to detail

Quality Assurance

Every one of our professional team is a member of one or more of the ICAEW or the ACCA

What Our Clients Say

Hamlyns treat me as an individual. I don’t feel like “just another client” to be processed.

Diana Boulter
MD, DBA Speakers

Chris and his team gave us precisely the advice our business needed, even before we knew we needed it!

Mike Higgins
Managing Director, Hawkmoor Limited

It’s great that I always get to speak to the same Partner who knows our situation, so I don’t need to keep repeating things.

Johnny Richards
Finance Director, Normandy Garage

When we came to Hamlyns, we were a start up business. In a few years, they’ve really helped us become a major player in our sector.

Frank Pawley MBE
Chairman, Global Travel Management Ltd

We have been working together for over 10 years and our relationship is vital to the success of our business; I would not hesitate to recommend them.

Angela Hall
Partner, Occupational Health Professionals LLP

I appreciate Hamlyns expert and informed guidance and helpful approach.

Managing Director, Arcom IT

Hamlyns took the stress away by anticipating and understanding what I needed.

Managing Director, PromoLogistics Limited

Hamlyns gave me great advice and hand-holding to ensure my exit from the company was quick and clean. I am also thousands of pounds better off. Thank you, thank you.

Douglas Cooke
Former Director