In our guide to this final Autumn Statement 2016 we consider the key measures and outcomes and look at the impact on you, your family and your business. In the post-Brexit landscape, Chancellor Philip Hammond was keen to herald, and support, the fast-growing, high employment economy which he boasted was confounding commentators.
There was a firm focus on infrastructure and productivity, representing a government keen to brace the UK economy for the post-Brexit challenges that may lie ahead. Mr Hammond promised to ‘chart a new future’ and turn government into an unlocker of pent-up enterprise, whether in the tech sector to keep new firms in the UK, or as an enabler of new housing to ease problems of supply.
He also reiterated the government’s plan to raise the tax-free allowance from £11,000 to £11,500 by April 2017 and to £12,500 by the end of the parliament, and restated his commitment to raising the top threshold to £50,00. There were few new tax announcements affecting individuals, but a confirmation of pre-announced plans and measures protecting the tax base.
You can Click here to download our guide detailing the key announcements and how they could influence your financial planning decisions in the year ahead and beyond