View our 2023 Spring Budget Report

Mr Hunt outlined a £27 billion transformation of capital allowances; a £500 million package for research and development (R&D)-intensive businesses; and reforms to childcare.

The Chancellor also announced the abolition of the pensions lifetime allowance and increased the pensions annual tax-free allowance from £40,000 to £60,000.

Further details regarding the announcements made by the Chancellor featured in the official press releases. Our comprehensive Budget Summary outlines the key measures, including some of the less-publicised changes that may impact upon your business or personal finances.

For a detailed overview of the 2023 Spring Budget information, please read our 2023 Spring Budget Summary.

Download the Spring Budget 2023 (pdf)