The most hotly anticipated budget for a generation has been delivered by our Chancellor. It was the first such fiscal event of the new parliament and an opportunity to reform taxation to meet wider economic objectives.
It was the longest budget speech we can recall, with the first 15 minutes spent talking about the black hole this Government had inherited, then the announcement of a raft of tax changes, before commentary about how the investment in public services would help improve the services and raise standards.
We hosted a live screening with Rathbones and 100 local business leaders at Kingsholm in Gloucester and whilst there was little positivity in the audience about the impact the Budget would have on growth, there was a consensus that the Budget may not have been as bad as attendees had expected.
As usual, the devil is in the detail, and we have trawled through the information to summarise the key impacts from the announcements on our website.
Please contact us if you have any queries and would like some help with tax planning, and some predictions of how this might affect your business.
For more information click HERE