Autumn Statement 2012

December 2012

On 5th December 2012, the Chancellor of the Exchequer, George Osborne, announced his second Autumn Statement which provides an update on the Government’s plans for the economy, based on the latest forecasts from the Office for Budget Responsibility.

Legislation will be introduced in Finance Bill 2013 to make these changes announced and will initially be published in draft form on 11th December 2012. Draft clauses published on the same day, are open to consultation and scrutiny until 6th February 2013. 

Based on previous experience, Finance Bill 2013 will closely follow Budget 2013 - probably receiving its Royal Assent in July 2013.

Autumn Statement 2012 Highlights:

The Winners: