Financial and business intelligence
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.Continue reading