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 within the Budget Speech was the governmental options of ‘retrench or invest’? Chancellor Sunak made his choice abundantly clear to all — the recovery road ahead is through investment.
Chancellor Sunak asserted that his Autumn Budget was also designed to provide people the support they needed to help with the cost of living. This support will come in the form of a Universal Credit taper rate cut, an increase in the National Living Wage and a new £4.8 billion Levelling Up Fund, which will invest in infrastructure that improves everyday life across the UK.
The headline points have no doubt reached you, but what impact will this Autumn Budget have on you as an individual, and your business?
Our dedicated tax team at WHA have outlined the major changes, support measures and information in one concise summary. To access the WHA Budget summary, please follow the link below:
Throughout the past uncertain and stressful 18-month period, WHA have guided our clients through the confusion and red-tape by bringing much needed clarity on any issues. Where WHA could not directly help, our teams have duly sign-posted to the most appropriate resources. And WHA remain here to guide you through this next stage in the UK economy – so please feel free to contact WHA with any queries you might have. We are happy to help!