Factor 'uncertainty' into client plans after Hunt statement, advisers told

A round up of reactions to Jeremy Hunt’s emergency statement

Hope William-Smith
clock • 4 min read

Advisers and their clients will have to scramble to rejig their strategies following chancellor Jeremy Hunt’s destruction of the economic plans laid out by his predecessor, the industry has warned.

Hunt, who was appointed as chancellor five days ago, yesterday (17 October) published an emergency statement undoing Kwasi Kwarteng's package of tax cuts after the latter was fired from the post by the prime minister last week. Within the statement was confirmation that the basic rate of income tax will remain at 20% indefinitely, the 1.25 percentage point increase to the dividend tax will stay, and changes to off-payroll working rules (IR35) will be paused. "As the chancellor has indicated, there is the potential for even more disruption to come meaning a lingering uncertainty that w...

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