28th October 2021
I am pleased to share our full summary of the 2021 Autumn Budget and Spending Review.
In a tax and spend Budget, the Chancellor, Rishi Sunak, set out the Government’s plans. Previously announced tax increases, including to Corporation Tax and the new Health and Social Care Levy, mean that the tax burden is now at its highest since the early 1950s, and Government spending is at its highest since the 1970s. The Chancellor concluded his speech with a pledge to reduce taxes by the end of this Parliament.
Our Budget summary provides an overview of the key announcements arising from the Chancellor’s speech, and how they are likely to impact your business and personal finances.
You can download our full summary in pdf format below. Please get in touch with your usual haysmacintyre contact or any member of the Tax team, if you have any queries.