Peter Hicks, head of UK retail sales at Fidelity, looks at the implications of the emergency Budget.
The first of the coalition’s Budget speeches might be remembered for what George Osborne did not say when he was given the opportunity, rather than what he did. We were expecting sweeping changes as part of the necessary effort to overcome the budget deficit and were not disappointed. But savers have had quite a ‘good Budget’, especially given some of the expectations that had been trailed in advance of the Chancellor’s speech. The biggest immediate opportunity for advisers is to help their clients navigate what changes were made as efficiently as possible. The main focus of attention...
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