Chancellor of the Exchequer, Rishi Sunak, delivered his third Budget and the results of his Spending Review on 27 October, declaring that it begins “the work of preparing for a new economy post-COVID.” The Chancellor struck an upbeat tone during the key fiscal event, as he outlined his vision of “an economy fit for a new age of optimism, where the only limit to our potential is the effort we are prepared to put in and the sacrifices we are prepared to make.”
Our summary of the Autumn Budget and Spending Review begins with an economic update which indicates that recovery from the pandemic will be quicker than previously anticipated. We include forecasts for economic growth and borrowing. We summarise the changes to personal taxation, wages and pensions. Along with Business Tax changes, Education and Housing.
To download our Autumn Budget and Spending Review now, please click on the link below:
We are fast approaching the end of the tax year. If you have any questions regarding the budget or making sure you take full advantage of your annual allowances before the end of the tax year, please get in touch.