Budget Special

The dust has settled on Jeremy Hunt’s Spring Budget but will it revive the Tory party ahead of the general election later this year? There were further cuts to National Insurance for the employed, self-employed and residential property Capital Gains Tax (CGT).

More generous income thresholds were announced for those who claim Child Benefit which was part funded by withdrawing the favourable tax regime for Furnished Holiday Lets (FHLs) and non-UK domiciled individuals. Speculation is that this will this help grow our economy.?

For a quick round up of the salient points head over to our website?here.

The battle for economic credibility is on! ?It has been said that ‘Middle England’ will benefit from yesterday’s announcements.?Tax cuts coupled with falling inflation should increase our disposable income but thanks to fiscal drag, it could be a while yet before we notice a difference. ? For a deeper analysis and further commentary, read our report?here?or click on the report link below. Please feel free to share with friends and colleagues.?

As always, we are here to guide you through the murky waters - please do not hesitate to reach out to your usual contact on 01223 810100 if you would like to discuss how the budget announcements will affect you, your family and your business.