The Chancellor has certainly broken out of the 'boring' category with his recent radical Budget changes to the UK tax system. Confusing as these are for most consumers, what may have seemed initially straightforward to some is now seen to have many far-reaching effects, not least on non-doms, as Gerry Brown explains
The Chancellor's 2008 Budget started on 9 October 2007 and ended on 12 March 2008, during which time many questions remained unanswered that in turn created uncertainty for many consumers. The Budget was criticised for being boring. For those interested in tax, estate and financial planning, boring is usually good. We do not want too much change, and what change there is should be paced; rapid change can upset the best-laid financial and tax-planning arrangements. Alistair Darling cannot be accused of resisting change in his first Budget. He has introduced fundamental and radical change...
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