Article preview: Chancellor Philip Hammond has delivered his latest Budget to parliament, the first to take place on a Monday since 1962. It was also the longest Budget speech in a decade, with Hammond announcing an end to austerity and some generous tax breaks as economic forecasts suggest a smoother ride ahead. Quoting figures from the independent Office for Budget Responsibility, he explained the deficit has fallen by four-fifths since 2009/10. Back then it stood at 9.9% of GDP, falling today to reach 1.9%. According to the Chancellor, public debt peaked in 2016/17 and is now falling.
Here’s what you need to know about the Budget
This 754 word blog post describes some of the headlines from the Budget, including increases to the personal allowance and higher rate tax thresholds, and confirmation of the new lifetime allowance for pensions, ISA subscription limit and qualifying period for capital gains tax entrepreneurs relief. Written on 29th October 2018.
Your purchase gives you rights to publish this blog post on your IFA, financial planner or wealth manager website blog, news or insights page, along with access to the text of the blog post to copy and paste into your blog. You can publish this blog as written or edit it before publishing, and you can post it under your own name.