Government’s fiscal event to take place on Friday

Published by Rhys Taylor-Brown on September 18th 2022, 12:00am

New chancellor Kwasi Kwarteng is to deliver his mini-Budget on Friday September 23, reports say.

The fiscal event will outline publicly how Liz Truss’ government intends to finance tax cuts and the targeted support for households with rising energy costs.

Truss has already confirmed that the Energy Price Guarantee will keep typical household energy bills frozen at no more than £2,500 per year. It has been speculated that it could cost the government as much as £150 billion. Meanwhile, businesses are also waiting to hear further detail of government plans to support them with energy prices.

The chancellor’s statement had been put on hold by the passing of the Queen, but it will now take place following the completion of the period of national mourning, four days after Her Majesty’s funeral.

Parliament is adjourned during the period of mourning. Business will resume on Thursday, one day before Kwarteng will deliver his mini-Budget.

One of the measures expected to be included is a temporary axing of green levies on energy bills to further reduce the squeeze on the consumer, after Truss had hinted that she would do so if elected to Number 10. It is also likely the speech will be used to confirm a reversing of the National Insurance increase brought in by the government of Boris Johnson.

Following the temporary halting of parliamentary business brought on by the Queen’s passing, it is reported that there are talks being held around changing plans to allow MPs three weeks off from Saturday September 24 for party conferences.


Photo by Chris McAndrew on Wikimedia Commons 

Share this article


Leaders of Great Britain

About Leaders of Great Britain

Leaders of Great Britain hosts a series of engaging events featuring prominent figures from the worlds of politics, sports, business, and entertainment. Our goal is for every attendee to leave these gatherings with profound leadership insights that transcend boundaries. Learn More.


Related Features


Authored By

Rhys Taylor-Brown
Junior Editor
September 18th 2022, 12:00am

Follow Us

Follow @LeadersGBNI on Twitter for more live updates

Share this article


Popular Features

FEATURES | Published October 7th 2024, 4:04 pm

Margaret Ollivier: Ensuring Respect and Inclusivity at Expect Ltd

FEATURES | Published September 16th 2024, 11:11 am

Andrew Martin: Steering the Course of Planning and Development

FEATURES | Published July 26th 2024, 7:07 am

Paul Bowley: Transforming Lives with Abbeycare Group

© Copyright 2024, Leaders of Great Britain.