For the third time in 2015, the Chancellor of the Exchequer has taken to the despatch box to update the Commons and country as a whole on the state of the nation’s finances.
There was a lot of debate ahead of today’s Autumn Statement about the approach that George Osborne would take. Would cuts or compromise be the order of the day? And how many rabbits could be produced from the hat given the ongoing effort to eliminate the deficit?
Some expected the Chancellor to be emboldened by the fact that we’re still only six months into the new Parliament and that the Labour benches are still recovering from a tumultuous leadership contest.
In his opening statement, the Chancellor told MPs that no economy in the G7 had grown faster than Britain’s over the course of the past five years.
“This will be an economic recovery for all in all parts of the country. Our long-term economic plan is working,” he said.
- Economic overview
- Business, enterprise and employment
- Personal tax
- Pensions and savings
- Tax evasion, avoidance and aggressive tax planning
If you would like further advice on any of the changes in the Autumn Statement please call 01233 630000.