Chancellor brings forward second fiscal event

From 23 November following 45% additional tax rate U-turn

James Baxter-Derrington
clock • 1 min read
Andrew Parsons/Number 10
Image:

Andrew Parsons/Number 10

Chancellor Kwasi Kwarteng has brought forward the publication of his medium-term fiscal plan, which will be accompanied by independent forecasts, following his U-turn on the 45% additional tax rate.

This is the second time the event has been shifted, with the chancellor originally saying it would be some time in the new year, before setting the date for 23 November following market turbulence ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Two in five SMEs open to switching pension provider

Two in five SMEs open to switching pension provider

People’s Pension finds one third say lower investment performance biggest trigger for switching

Jasmine Urquhart
clock 20 March 2026 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

House of Lords votes to remove mandation power from bill, TPR DC research, Standard Life results

Professional Pensions
clock 20 March 2026 • 1 min read
Industry praises House of Lords decision to remove mandation power from bill

Industry praises House of Lords decision to remove mandation power from bill

Industry says power to dictate pension scheme asset allocation is ‘unnecessary’

Holly Roach
clock 20 March 2026 • 2 min read
Trustpilot