Chancellor Rachel Reeves delivered her Spring Statement to parliament against a backdrop of a fall in CPI inflation (down to 2.8% in February) and progressive fiscal progress as forecasted by the OBR (The Office for Budget Responsibility). Upon closer inspection though the economic growth predicted will be in the longer term as the growth percentage…
2024 heralded a new Government’s Budget, following which there were immediate tax changes alongside frozen tax thresholds — this made the tax landscape ever more complex to navigate in some senses. However, there are still three key months remaining in which to review your finances and consolidate your planning ahead of the tax year end…
By Nikki Spoor, White Hart Associates Travel, Audit and Tax Director The new Labour government launches its much-anticipated autumn budget on October 30th. A rise in income tax, National Insurance or VAT have already been ruled out, so how will the government raise finances? Here we look at the possibilities. Capital Gains Tax (CGT)…
Amidst much anticipation Chancellor Jeremy Hunt delivered the Government’s Budget ahead of next year’s likely general election. Speculation that the Chancellor would include some significant announcements proved correct. Citing the positive progress the Government has made, the Chancellor announced that the UK economy is beginning to turn a corner — lower inflation levels being the…
We are close to the end of a year that has been much more stable both politically and economically than the last. Inflation is coming under control, although challenges remain for many. Although we are heading towards a new calendar year, the tax year continues. You will still have three key months in which to…
Under the possibility of a potential election date next year, Chancellor Jeremy Hunt delivered his Autumn Statement, a key note achievement of which was the continuing falling rate of inflation based on the latest forecasts from the Office for Budget Responsibility. Against the background of a seemingly recovering UK economy, the Chancellor delivered a “no…
Amidst the backdrop of an economy in recession and struggling with the consequences of record inflation levels, Chancellor Jeremy Hunt delivered his Autumn Statement today. Clarifying the Government’s economic focus after the confusion following the Mini Budget U-turns, the Chancellor championed the Government’s three economic priorities; stability, growth and public services. In practical terms, Chancellor…
The Chancellor’s Spring Statement was delivered amidst dire social and economic circumstances. Living costs continue to increase at an alarming rate; the levels of inflation escalating to the highest in 30 years within an economy struggling to find its feet after the Coronavirus pandemic. Events played out on an international level will also have consequences…
The Prime Minister, Boris Johnson, has announced that the Government will revert to ‘Plan B’ in response to the rise in cases of the Omicron coronavirus variant. This plan introduces updated guidelines, and includes new restrictions for both businesses and individuals. There has been some confusion around the interpretation of the ‘Plan B’ regulations, but…
In the midst of headliners and fevered speculation, Chancellor Rishi Sunak finally delivered his Autumn Budget on 27th October 2021. The Chancellor made clear that this was a Budget to herald a new age of optimism, and would be the foundation stone of a recovering economy emerging stronger than ever after a turbulent 18-months. Embedded…
