When a Chancellor’s room for manoeuvre in the Budget is highly constrained, what emerges tends towards the predictable. Wednesday’s Autumn 2017 Budget is a case in point. Economic outlook The downgrade to economic growth forecasts by the Office of Budget Responsibility (OBR) was severe, and could have profound long-term consequences. But it was hardly surprising … More A predictable Budget for business taxes
As Philip Hammond prepares for his Budget on Wednesday, he faces a daunting set of constraints, both economic and political. The economic side On the economic side, the news since the March Budget has not been universally bad. Tax receipts are higher than forecast, while spending is lower, leading to a reduction in debt. However, it is … More What might we expect for business taxes in the Autumn Budget?
Three stories on tax and multinationals hit the press last week. They attracted varying levels of attention – from BBC news headlines to erudite debates on the tax Twittersphere – and were of varying degrees of importance. As usual there was, if anything, an inverse correlation between their importance and the noise they generated. But … More Three stories on tax and multinationals: are we losing our collective memory?