Today is Philip Hammond’s first opportunity to outline the Government’s tax and spending priorities post the Brexit vote. We are all poised and ready for today’s lunchtime announcement.
As always we have seen the usual number of rumours and leaks in the press but none should be considered fact until we hear them announced by the Chancellor and, of course, the “experts” have read through the real detail and fine print.
Today we expect the Chancellor to cover areas such as Welfare, Borrowing/debt, Corporation Tax and the rules surrounding Salary Sacrifice Schemes. We are waiting to see if he will reduce Corporation Tax further and perhaps revisit Stamp Duty on the purchase of a second property after this failed to raise the amount of money the Treasury originally predicted. We will know more later today.
If you wish to join us for our complimentary Autumn Statement Briefing Breakfast on Friday morning please contact email@example.com. A PDF version of our full summary of the Autumn Statement will be available on Thursday 24 November via our website www.abggroup.co.uk.