Find my Budget 2019 Summary Below!
Summary and Key Changes
As widely reported the government took the position that there was little scope for wide-ranging spending or tax decreases in Budget 2019. Understandably, there was a focus on housing. Some welcome reductions for middle-income earners were announced with slight cuts to Universal Social Charge (USC) and a slight increase in the standard income tax band. Overall the measures introduced were quite modest and there were also a number of surprising omissions. We have set out our thoughts on the impact of the measures relating to investments, business, succession planning and pensions which we think are relevant to our clients. We have to wait for the Finance Bill (to be published on 18th October) for further details.