Budget 2023 – Despite intensive lobbying.


Nigel Holland
Nigel Holland

” There is no direct help from the Government in the 2023 Budget despite there being £63 million for swimming pools. The good news is the forecast drop in inflation from 10.7% to 2.9% by the end of 2023.

Jeremy Hunt could have considered stamp duty reform.

Lifetime allowance limit for pensions abolished

The tax-free allowance for pensions annually has gone from £40,000 to £60,000 and the lifetime allowance limit for pensions has been abolished.

This will only benefit a very small percentage of the population who already benefit from huge pension pots. Average pension pots are £180k and so this change is largely superficial.

Energy Price Guarantee will remain at £2,500

This will continue for 3 months.

Increase support and housing for veterans

There will be a £30 million fund for veterans.”