The Chancellor Philip Hammond is preparing to deliver his first and last Spring Budget – the budget will be moved to Autumn in future. He has made clear that the current government will be rejecting previous austerity measures but The Institute for Fiscal Studies (IFS) is warning of sharp public sector cuts and taxes reaching their highest level in 30 years.

Self-employed people could see their tax increase to bring them more in line with those taxed by their employers. Hammond is also expected to announce a £500million boost to British science and innovation to fund a hi-tech vision of the country.

The Spring Budget this Wednesday 8th March 2017

We will be watching and our full guide to the key announcements will be available the following day!

Stay informed with key tax and business news and receive our full report by subscribing now!

 

Leave a Reply