The chancellor of the exchequer, Jeremy Hunt, delivered the autumn statement to the House of Commons on 22 November 2023, labelling it as an “autumn statement for growth”. Here's a brief overview of the main key points:
National Minimum Wage Increase from April 2024
Class 2 National Insurance Scrapped from April 2024
Employee National Insurance Cut from 12% to 10% from January 2024
Class 4 National Insurance Reduced from 9% to 8% from April 2024
Business Rate Relief - 75% Discount for Retail, Hospitality and Leisure Businesses Extended to 2025
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