Autumn Budget Statement
The Chancellor gave his Autumn Statement on Wednesday and you can find a summary of the major points below.
From a personal point of view, I think the Chancellor has evoked the usual Shakespearean theme of “Much Ado About Nothing”.
Our staff will be very pleased to receive a 2% tax cut through the form of the National Insurance reduction but for most people that will only go so far as to offset their increased fuel bills from January.
From a small business owner’s point of view, there has been absolutely nothing done to alleviate the extremely high tax rates that owners of successful small to medium sized companies now face, and yet the Chancellor says he wishes to encourage growth!
If you have any queries relating to the new provisions, and the impact they may have on you, although in my view these will be minimal, please do not hesitate to contact us here at the Martlet Partnership.
