digital globe

Treasury bets big on growth with sweeping tax cuts and £60 billion energy stimulus

Posted On: 26th September 2022
The new Chancellor Kwasi Kwarteng delivered an expansive emergency budget last Friday (23 September), designed to shield households and businesses from the energy crisis, curb inflation and stimulate growth and investment funded by sweeping debt-financed tax cuts.

The Treasury's ambitious - and divisive - Growth Plan 2022 set out the largest fiscal overhaul for Britain in half a century and a two-part energy policy to curb inflation and shield the economy from volatile wholesale gas and electricity prices.

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