News Archive November 2023

In January 2023, Prime Minister Rishi Sunak set out his 3 main economic priorities for the coming term. Those priorities were to halve inflation, grow the economy and reduce debt. The Autumn Statement aimed to reinforce these commitments with a plan to see success on these fronts. With the rate of inflation at 4.6% in October 2023, the government claim to have met at least one of those commitments. However, it is unclear what steps to government took to allow them to claim ownership of this reduction.
Inflation was widely expected to fall as the large energy and fuel increases from the previous year dropped out of the equation.

The UK Government has recently scrapped (October 2023) proposals for changes to Energy Efficiency standards previously due to be introduced in 2028. This was announced in a review of green policies and means the scrapping of proposals to force all Landlords to adopt a minimum standard of energy efficiency for rental properties.