Spring Budget 2023 – “Budget for Growth”

The Chancellor presented his budget on Wednesday 15th March 2023. In his speech, he unveiled a range of initiatives as part of what he described as a "Budget for growth".
Downing Street

Spring Budget 2023

Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecast a stronger than expected performance from the UK economy this year with inflation continuing to fall.

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Abolition of Furnished Holiday Lets

One of the stand out policies announced in the chancellor’s recent budget, particularly given our geographical location and the size of our tourism industry, was the abolition of the preferential tax treatment of Furnished Holiday Lets (FHLs).

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