audit Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/audit/ Chartered Accountants & Business Advisors Sat, 03 Aug 2024 16:37:08 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.4 https://www.wrloaccountants.co.uk/wp-content/uploads/2018/01/cropped-WRLO-logo-big-32x32.jpg audit Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/audit/ 32 32 Chancellor takes difficult decisions as Budget date set https://www.wrloaccountants.co.uk/chancellor-takes-difficult-decisions-as-budget-date-set/ Sat, 03 Aug 2024 16:37:06 +0000 https://www.wrloaccountants.co.uk/?p=4129 Chancellor of the Exchequer Rachel Reeves said she was taking difficult decisions after a Treasury spending audit revealed £22 billion of unfunded pledges. Ms Reeves confirmed that the Autumn Budget will take place on 30 October. In a statement to Parliament, the Chancellor made a number of announcements but said there would be more to come on tax and spending plans at the Budget. The Chancellor said that she has inherited a £22 billion hole in the public finances and said urgent work is required to reduce the pressure on finances by £5.5 billion this year and over £8 billion next year. Ms Reeves announced that the government will cut Winter Fuel Payments to those not in receipt of pension credits or other benefits. The Chancellor announced a number of immediate savings, including: £800 million this year and £1.4 billion next year from scrapping the Rwanda migration partnership and scrapping retrospection of the Illegal Migration Act. £70 million this year by cancelling the Investment Opportunity Fund and other small projects. £185 million next year from cancelling the Advanced British Standard. £785 million next year from stopping unaffordable road and railway schemes. Ms Reeves also outlined the next steps in delivering […]

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