George Osborne is expected to crackdown on tax avoidance by the wealthy and aim help at commuters, motorists and small businesses in this week's Autumn Statement, acording to reports.
Ministers will target the rich in a crackdown on a series of tax-avoidance schemes - in particular, The Sunday Telegraph understands, the avoidance of stamp duty on high-value property deals. Osborne is not expected to announce plans to drop the 50p top rate of income tax on earnings above £150,000. Rail ticket prices, due to rise by more than 8% from January, will now increase by just over 6% according to the Telegraph. Osborne is also expected to confirm there will either be a freeze or delay in a 3p rise in fuel duty, again planned for January, though this is not certain. Els...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
