Chartered Accountants and Professional Business Advisers

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Financial and business intelligence

November 2017

Simon Robinson

Viewpoint: Simon Robinson

There’s a hole in my Budget

The whole business of setting taxes and government spending will hopefully get a whole lot simpler now that there will be just one Budget statement a year instead of two. Chancellor Philip Hammond’s first Autumn Budget, set for November 22, should contain some news of real interest.

The Government has recently shown signs of ‘rowing back’ from its toughest austerity measures as the outcry against cuts to public services grows stronger. That, and the possibility of a hefty Brexit divorce bill, means The chancellor has a big funding hole to fill. It seems likely he’ll have to raise more tax to do that.

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