Chancellor Jeremy Hunt set out a string of measures in his 2023 Spring Budget promising to revitalise the economy, help households and boost business.
The Chancellor said the Office for Budget Responsibility had suggested the UK would sidestep a “technical recession” and that – in the months after the disastrous Lizz Truss/Kwasi Kwarteng mini-budget – “debt servicing costs are down, mortgage rates are lower and inflation has peaked”.
He said his Budget for Growth offered “prosperity with a purpose”, the best investment incentives in Europe and biggest ever employment package – adding that the “optimists” had been right all along.
