Protecting clients against political uncertainty and back-tracking

'We live in an era of increasing fiscal instability'

clock • 4 min read

James Johnsen asks and answers: What can private investors do to combat fiscal instability?

We live in an era of increasing fiscal instability where governments and chancellors change tack or U-turn with alarming regularity. While chancellor Jeremy Hunt is busy unravelling Kwasi Kwarteng's reckless ‘fiscal event', and has delayed his own Medium Term Fiscal Plan by two weeks (originally due 31 October), he precedes several other No. 11 incumbents in recent history who have sown confusion. There was ‘Spreadsheet Phil' Hammond's U-turn on National Insurance rises on the self-employed in 2017, and George Osborne's ‘omnishambles' 2012 budget, which included the notorious ‘pasty t...

To continue reading this article...

Join Professional Adviser

  • 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.

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Govt targeting basic-rate taxpayers with latest dividend income hike

Govt targeting basic-rate taxpayers with latest dividend income hike

Crackdown on 'wealth' taxes final blow to income investors

Laura Suter
clock 30 November 2022 • 3 min read
Advisers' tax toolkit: Exploring the role of onshore bonds

Adviser tax toolkit: Exploring the role of onshore bonds

Wrapper creates more control over how and when clients pay tax

Matthew Morris
clock 18 November 2022 • 6 min read
Autumn Statement 22: A close look at what advisers must watch for

Autumn Statement 22: A close look at what advisers must watch for

All eyes on crucial tax issues advisers will need to wade through

Hope William-Smith
clock 17 November 2022 • 7 min read