Autumn Budget 2017 – how does it affect you?
Commentators and politicians alike were looking to Philip Hammond for a game-changing budget. Given the twin challenges of lower than expected growth and a commitment to reduce debt and borrowing, The Chancellor was unlikely to throw caution to the wind and go on a spending spree.
He did, however, announce investments designed to support growth in key sectors, encourage investment in knowledge-based industries and upskill workers to help improve the UK’s productivity.
If, after reading this summary you have any questions, please do not hesitate to contact Anne-Maree Dunn, one of our tax specialists (see pages 23-24), or your usual WMT partner for advice.