NEWS / EIC News / EIC reacts to Kwasi Kwarteng's 'Mini-Budget'

EIC News

23 SEP 2022


EIC members will soon be sent their exclusive briefing exploring announcements in detail

Against a backdrop of growing macro-economic uncertainty, Chancellor Kwasi Kwarteng delivered a "mini-budget" or fiscal statement today aimed at reassuring markets, the business world and, of course, voters.

To help members digest today’s announcements and what they mean for your business outlook, we are creating an exclusive member briefing. This will be sent to all members via email today (Friday), but if you miss out on it and would like to receive a copy, please let our memebrship team know.

Exploring the announcements on tax, energy, infrastructure investment and more, it provides a handy summary of what you need to know.

Commenting on the fiscal statement, EIC CEO Stephen Marcos Jones said: "Business needed Government to deliver a structured plan to tackle the increasingly worrying macro-economic situation we’re facing. It has done this with a raft of measures aimed at delivering short-term growth and cutting taxes. What it has not offered is a view on how medium to longer-term investments can also support our economy back to prosperity while delivering ambitions around productivity, Net Zero and Levelling Up.”