Chancellor Philip Hammond delivered this year’s Spring Statement during what is an uncertain time for the economy and businesses.
Our summary below provides an overview of the latest measures, and includes updated forecasts for the UK economy and public finances, as published by the Office for Budget Responsibility. The Chancellor pledged to bring forward the £700 million reforms for business apprenticeships, and also announced that a £26.6 billion ‘deal dividend’ would be made available to help boost the economy, providing a Brexit agreement can be reached.
We also look ahead to some of the key tax and business changes coming into effect in the new tax year.
For advice on any of the topics covered in our Spring Statement summary, and how they may have an impact on your business or personal finances, please give us a call on 01905 777600