As the annual rumour mill begins to turn, Rachel Vahey assesses what the chancellor might (and might not) announce in the 26 November Budget…
The chancellor has announced the Autumn Budget will take place on 26 November, triggering the start of the wild speculation on possible tax changes. After a turbulent first year, the government's focus will be on stabilising an economy affected by setbacks and U-turns, as its approval ratings fall. But the current reading of the economy doesn't make for good news with weak growth and fast-rising long-term borrowing. After boxing itself into a corner at the election by promising not to raise rates of income tax, National Insurance (NI) or VAT for ‘working people', it has few options to...
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