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Pound reaches two-week high
Sterling on track for its sixth consecutive daily rise.Red tape cut for thousands of businesses
Up to 40,000 more businesses to be exempt from future regulations.Government abandons scrapping of additional tax rate
Top earners will still pay the 45p rate, says chancellor.GDP estimated to have risen by 0.2%
The ONS initially estimated a 0.1% fall.Bank of England steps in to protect the economy
The Bank will purchase Government bonds in an effort to stabilise markets.Medium-term financial plan scheduled for November
The OBR will set out a full forecast alongside the plan.Government reveals energy support package
Price cap introduced for businesses from 1 October 2022.Chancellor announces higher earner tax breaks
Both the additional tax rate and dividends tax rates are being slashed.Bank of England raises interest rates to 2.25%
The Bank says it won’t hesitate to raise interest further.Total tax take soars to £310.9bn
Income tax and inheritance tax see the most significant increases.
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