The 2023 United Kingdom budget was delivered to the House of Commons on 15 March 2023 by Chancellor of the Exchequer Jeremy Hunt. It was the first full budget statement to be presented by Hunt since his appointment as chancellor. The date of the budget was confirmed by Hunt on 19 December 2022. At the same time he confirmed the budget would be accompanied by a full budget report from the Office for Budget Responsibility. The statement was presented as a budget for growth, with the objective of bringing about the conditions for long-term sustainable economic growth within the UK.
The UK had narrowly avoided going into recession at the end of 2022, and although there were some signs of recovery during the weeks preceding the budget, inflation remained high and the country continued to be impacted by an ongoing cost of living crisis. In his statement, Hunt set out plans to remove barriers to employment (with measures such as an increase in the amount of free childcare), encourage business investment (with measures including a programme of tax cuts for business worth £27bn), and address labour shortages in some industries (such as the construction sector). Government help for families facing financial pressure was also extended, with the Energy Price Guarantee extended for a further three months. The cap on the lifetime allowance for tax-free pensions contributions was also abolished in an attempt to encourage workers such as NHS doctors and consultants to remain in employment longer.
The budget was criticised by Sir Keir Starmer, the Leader of the Opposition, who accused the Conservatives of turning the UK back into the "Sick man of Europe", while Rachel Reeves, the Shadow Chancellor, said that Labour would reverse the pension tax changes. Stephen Flynn, the Leader of the Scottish National Party at Westminster, highlighted what he believed was the lack of support for families struggling financially. The pension tax changes were welcomed by the British Medical Association, who described it as "potentially transformative for the NHS". The BBC's Laura Kuenssberg questioned whether some of the measures, such as the plans to increase childcare, could be achieved, and suggested the government would be "punished" if they were not.
and 28 Related for: 2023 United Kingdom budget information
The 2023UnitedKingdombudget was delivered to the House of Commons on 15 March 2023 by Chancellor of the Exchequer Jeremy Hunt. It was the first full...
of the UnitedKingdom by GVA per capita UnitedKingdom national debt Budget Day Economy of the UnitedKingdom Departments of the UnitedKingdom Government...
Events of the year 2023 in the UnitedKingdom. This is the year of the coronation of King Charles III. Monarch – Charles III Prime Minister – Rishi Sunak...
The 2007 UnitedKingdomBudget, officially known as Budget 2007: Building Britain's long-term future: Prosperity and fairness for families, was formally...
The military budget of the United States is the largest portion of the discretionary federal budget allocated to the Department of Defense (DoD), or more...
A list of events relating to politics and government in the UnitedKingdom during 2023. 1 January – The Baroness Stedman-Scott steps down from the post...
The 2020 UnitedKingdombudget, officially known as Budget 2020: Delivering on Our Promises to the British People, was a budget delivered by Rishi Sunak...
The 1972 UnitedKingdombudget (also known as the dash for growth budget) was a budget delivered by Anthony Barber, the Chancellor of the Exchequer, on...
The 2018 UnitedKingdombudget was delivered by Philip Hammond, the Chancellor of the Exchequer, to the House of Commons on Monday, 29 October 2018. It...
The 2009 UnitedKingdomBudget, officially known as Budget 2009: Building Britain's Future, was formally delivered by Alistair Darling in the House of...
The 2012 UnitedKingdombudget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday 21 March 2012. It...
The 2011 UnitedKingdombudget, officially called 2011 Budget – A strong and stable economy, growth and fairness, was delivered by George Osborne, the...
The June 2010 UnitedKingdomBudget, officially also known as Responsibility, freedom, fairness: a five-year plan to re-build the economy, was delivered...
The 2008 UnitedKingdomBudget, officially known as Budget 2008: Stability and opportunity: building a strong, sustainable future, was formally delivered...
The 1984 UnitedKingdombudget was delivered by Nigel Lawson, the Chancellor of the Exchequer, to the House of Commons on 13 March 1984. It was the first...
The 2013 UnitedKingdombudget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday 20 March 2013. It...
The 1997 UnitedKingdombudget (sometimes referred to as the People's budget and officially titled Equipping Britain for our Long-Term Future) was delivered...
The 1980 UnitedKingdombudget was delivered by Geoffrey Howe, the Chancellor of the Exchequer, to the House of Commons on 26 March 1980. It was the second...
The 2001 UnitedKingdombudget, named "Investing for the Long Term: Building Opportunity and Prosperity for All", was presented by Gordon Brown, Chancellor...
The UnitedKingdom of Great Britain and Northern Ireland, commonly known as the UnitedKingdom (UK) or Britain, is a country in Northwestern Europe, off...
The 1978 UnitedKingdombudget was delivered by Denis Healey, the Chancellor of the Exchequer, to the House of Commons on 11 April 1978. It was the sixth...
The 1986 UnitedKingdombudget was delivered by Nigel Lawson, the Chancellor of the Exchequer, to the House of Commons on 18 March 1986. It was the third...
The 1998 UnitedKingdombudget (sometimes referred to as the Prudence with a purpose budget and officially titled New Ambitions for Britain) was delivered...
The 1992 UnitedKingdombudget (officially titled A budget for the recovery) was delivered by Norman Lamont, the Chancellor of the Exchequer, to the House...