On Wednesday 30 October, the Chancellor delivered the much-anticipated Budget on behalf of the UK Government – the first Budget statement from a Labour Chancellor since 2010. It came against the backdrop of the heavily briefed £22bn fiscal ‘black hole’ Labour says it inherited from the previous administration. The Autumn Budget included £40bn of tax increases on businesses that the Chancellor claimed would be vital to avoid fresh austerity and reverse the decline in Britain’s public services.
This briefing takes a closer look at what was—and what wasn’t—in the Budget and how this affects the cultural and creative industries.
To read the full briefing, click below.