9 March 2016
The Chancellor’s Budgets never seem to get any easier and this one will be no exception. Like many Western Governments, the UK Government has for political reasons overspent over decades leaving huge levels of Government debt.
The Chancellor has looked to economic growth allowing him to chip away at the annual deficit but with economies struggling around the World and consumers weighed down by levels of personal debt never seen before, the hoped for consumer-led recovery is slow to materialise. Even with interest rates at unprecedented low levels the recovery is still in first gear and the Chancellor is unlikely to meet his targets.
So what can we expect from the Budget? Simon Newark, head of VAT in our London office, shares his predictions for the 2016 Budget announcement.
Our specialist tax partners from around the UK will be watching
the announcement and will be providing live commentary on the issues outlined by the Chancellor.
Follow us on Twitter @UHYHackerYoung now in order to pick up our commentary and our ‘at a glance’ summary of the key proposals following the announcement. We will also be issuing a more detailed summary the following day, which can be viewed on our
website at www.uhy-uk.com/Budget-summary.