Chancellor Jeremy Hunt has unveiled the contents of his Spring Budget in the House of Commons. It had a focus on prompting those who have left their jobs to return to the workforce, and boosting business investment.
The UK economy will avoid a recession in 2023 as inflation plunges from recent highs. The Office for Budget Responsibility now predicts the UK will avoid a technical recession - two straight quarters of falling GDP - and that inflation will more than halve by the end of this year.
Key announcements will be published on this page and Budget coverage will be in the forthcoming issue of International Accountant magazine. AIA Members in Practice also have full access Tolley Tax Library and Online Seminars where all the announcements will be reflected.
Here's a quick guide to the main announcements from the Spring Budget: