Chancellor Philip Hammond described his first and last Spring Budget as one that “takes forward our plan to prepare Britain for a brighter future”. Judge for yourself and read our report that summarises the announcements made by Chancellor Philip Hammond during Spring Budget 2017 on 8 March 2017.
Not sure how the budget affects you? Download Our Free Budget Report 2017
Most people, at one time or another, have sat in front of the TV listening to the chancellor’s budget speech and thought ‘What’s that all about?’ and ‘How does it affect me?’. So we decided that it might help if we took the information provided in the budget and created an easy-to-understand Plain English guide for you to download.
What are the main points of interest in the budget?
If you run a business you may be interested in the new measures to reduce the impact of the Business Rates revaluation, the delaying of Making Tax Digital (MTD) until 2019, the changes in VAT, the reduction of the Dividend Allowance, the reduction in Corporation Tax and the rise in Class 4 NI contributions for the self employed.
On the personal side you may be interested in the increase in your personal allowance, the increase in Capital Gains Tax exemption, the rise in Cigarette or Alcohol duty or the introduction of the New NS&I Investment Bond.
