Ministers must rethink how they approach the Budget following a wave of damaging leaks and rumours in the months ahead of the latest fiscal event.
Few surprises came on Wednesday. Perhaps the biggest headlines for financial advisers, cuts to salary sacrifice and a cash ISA limit cut to £12,000, had already been trailed. Likewise, the council tax surcharge on £2m+ properties – dubbed a "mansion tax" – had also been widely reported on, coming as no shock. If only tax-free cash limit cut rumours, which appeared to be put to bed in the days before the budget, had been put paid to sooner. Same for the exit tax. The mouldy cherry on top of this stale leak cake, earlier this week the Office for Budget Responsibility (OBR) published ...
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
