Budget Day

We are into the new Budget calendar. Instead of a spring Budget, we now have an Autumn Budget with a spring statement from next year to pre-announce some changes. The revised calendar is potentially good news, with more notice of changes for the next tax year going forward. Though this does depend on whether the Government sticks to what has been announced. The backtracking on Class 4 NICs (going up/going back down) and the recent Class 2 NIC change (it was about to go, now it’s back in for at least another year) suggests there is still a rather whimsical selectiveness as to whether measures announced are then followed through.

Today it is expected that the Chancellor will focus mainly on housing issues. I shall add details later today on key points relating to tax – see BUDGET NEWS above.