Chancellor of the Exchequer, George Osborne will deliver his second Autumn Statement on Wednesday 5th December 2012 at 12:30pm.
The Autumn Statement provides an update on the Government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility (OBR). The OBR will publish its latest report on the UK’s economic and fiscal outlook- including its latest revised estimates for UK economic growth- on the same day.
Last year’s Autumn Statement continued to build on the Government’s momentum to support small business owners. Investment in small businesses was encouraged via the National Loan Guarantee Scheme and the Seed Enterprise Investment Scheme.
Although the UK has technically recovered from its double-dip recession, economists are of the opinion that this was the result of "Olympics fever", and we are likely to see the UK return to recession. The outlook therefore remains bleak.
But speculation aside, it is clear that the Chancellor will need to announce growth strategies to help UK businesses flourish once more.
We will continue to update this page in the run-up to the Autumn Statement though as more news beaks. So bookmark this page and please check back soon.
Stay up-to-date with our live coverage of the Autumn Statement 2012 on 5th December, by following us on Twitter @TaxAssistUK.
We will publish our summary of how Autumn Statement 2012 affects your small business on our website here.
Read our previous summaries from:
About Jo Nockels - November 2012
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