Perhaps it was the lack of wiggle room afforded to him or the fact that today’s Government is like a sieve when it comes to news of plans and ideas circulating around the cabinet table, but the lack of surprise elements in this week’s budget was probably, in itself, not a surprise.
Having picked up the Treasury reins just weeks before the Covid pandemic broke, Chancellor Rishi Sunak has so far had little room to manoeuvre or stamp his own brand on the economic plan for the UK. Despite making numerous announcements and unveiling multiple recovery and support plans, his budget statement on March 3rd 2021 is […]
Whilst there no longer appears to be anything that is truly unusual in the current climate, the Chancellor took the unusual decision to cancel November’s planned budget statement and delivered a Winter Economy Plan in its place. This move once again underlines the lack of long-term certainty that the Covid pandemic is enforcing on the […]
In a much anticipated ‘emergency budget’ announcement, The Chancellor set out a series of targeted measures to boost aspects of the economy, struggling in a post Covid environment. Whilst it is expected that some sectors will not be able to recover for some months yet due to the continued need for social distancing, Rishi Sunak […]
At the summer statement on Wednesday 8 July 2020, the Chancellor announced a handful of measures that he felt would help create jobs and mitigate the formal end to the furlough scheme. Before announcing the measures, Mr Sunak made it clear that the Jobs Retention Scheme could not and should not go on forever, even […]
The rumblings of an emergency budget seem to be getting louder as we begin to emerge from lockdown. Undoubtedly, now is the time for Chancellor, Rishi Sunak, to start considering the sizeable task of recovering the economy and paying back the WW2 scale borrowing that has underpinned the bailout of businesses and individuals. It is […]
Long awaited, and in the end overtaken by global events, new Chancellor Rishi Sunak delivered his first budget on Wednesday 11th March 2020. Just weeks in to the top job, and with Coronavirus requiring him to think on his feet, it was hardly a relaxed period of planning for Mr Sunak. The Chancellor certainly ensured […]
A Tax Raising Tory Government? I have been in the accountancy game a while now, too many years to mention perhaps. During that time, I have seen many governments of all colours and persuasions and as a firm we have endeavoured to help our clients, both personal and commercial, navigate the peaks and troughs of […]
You would be forgiven for having missed the fact that the Chancellor delivered his Spring Statement on Wednesday 13th March. Hidden deep beneath the Brexit debate and seemingly endless votes, the Chancellor stood up and delivered his regular update on the economy. Historically the budget was delivered in March and the statement was saved for […]
As he delivered the Budget 2018, Philip Hammond joked that he had avoided giving his speech on Halloween night itself because it would have been simply too tempting for the caption writers, and had avoided Christmas because he did not want to appear in cartoons disguised as Santa Claus. Even so, he was determined to […]
So, we have now enjoyed our first autumn budget. The move to an autumn budget is a welcome one across industry as it gives businesses and individuals time to adjust and digest before changes take effect. Being cynical it also leaves plenty of time for U-turns… We say we enjoyed the autumn budget because, as […]
We can’t deny the tension that arose after the announcements made in the Spring Budget. Despite a lot of the changes being common knowledge before March even began, the final announcements weren’t well received. National insurance contributions The most notable change put forward was undoubtedly the national insurance contribution increase. And I can’t deny I […]