Autumn Budget 2021: Private Client Briefing Note

Posted On: 28 Oct 2021

Yesterday the Chancellor of the Exchequer, the Rt. Hon. Rishi Sunak, MP, delivered his Autumn Statement and Spending Review. After a year dominated by Government spending to support individuals and businesses impacted by the Covid-19 pandemic, many had speculated that this review would include tax rises to boost the Treasury’s income.

Instead, spending is increasing and taxes have either remained untouched or have been lowered. With a clear message from the Chancellor that economic recovery will be stimulated through tax collection, rather than further borrowing, the tax landscape remains unchanged for many private clients.

Much of yesterday’s announcements were already known in advance of the Autumn Statement, and whether Budget 2022 will see the dawn of widely-anticipated tax changes remains to be seen.

Our Budget Briefing Note, available at the link below, has been created by James Heathcote (Head of Private Clients) and summarises the key measures affecting private clients.  Should you wish to discuss your individual circumstances with our Private Advisory Team, then please get in touch with James or your usual Lancaster Knox contact.

Download our Autumn Budget & Spending Review 2021: Private Client Announcements Flyer

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