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25 days until the Budget: We’ve started planning, have you?

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Among the political point scoring, pre-election ‘bribes’ and dad jokes, the announcements made at Spring Budget 2024 will have significant long-term implications for accountants and their clients. Budget Day is AccountingWEB’s biggest day of the year, and we think it should be yours, too.

8th Feb 2024
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The Spring Budget will probably be the last major financial statement before the General Election, and Jeremy Hunt has said the government is prioritising tax cuts. So the expectation is that some reasonably chunky rabbits will be pulled out of the Chancellor’s hat (to use editor Richard Hattersley’s favourite Budget analogy) this time around. 

I’ve been covering the Budget in one form or another for pretty much my entire career, and I love it.  I also love planning for it – watching the build-up and second-guessing the big announcements, although I'm not a fan of the recent trend for multiple leaks in the days leading up to it. It’s like someone sharing a spoiler for the finale of that TV series you’ve been watching.

I’m hoping this audience shares some of the sense of excitement that we will have here at AWEB Towers when we report on the Spring Budget on 6 March.

What you need to know

The day itself is a spectacle, and for us, it requires a massive collective effort. Between our editorial team and wider tax brains trust, we cut through the noise and bring you the announcements that will matter most to you and your clients.

We tweaked our approach in the autumn, so we didn’t just send a breaking news email immediately after the Chancellor sat down but worked with our writers to turn around the specific analysis you need, sending out a detailed Budget Special email later that same day. Budget Day is usually a big traffic day for us, but that change saw November break previous records. 

But we must remember that amidst the frenetic pace of it all for us on the day, and in amongst the political point scoring, pre-election “bribery” and the dad jokes, the announcements made – or omitted – have significant long-term implications for all of our lives and the businesses we own or work for, including your clients.

As I’ve already said, Budget Day is AccountingWEB’s biggest traffic day of the year – and we think it should be yours, too.  Do you want to get up to speed and understand what changes mean for you and your clients as quickly as possible? Your clients probably feel the same way.

Your accounting powerhouse

It’s been around six months since I shared in a previous column how my role has changed to work across AccountingWEB and our marketing arm, PracticeWeb, as the business focuses exclusively on servicing the accounting industry.

Since then, there have been considerable changes to the products PracticeWeb offers its clients. The content was already great, but we’ve changed our processes to ensure it is even better - and the products we deliver to your clients now have a new, fresh and clean design.

A comprehensive report for your clients

For the last 20 years, PracticeWeb has been helping accountants get a comprehensive and fully branded Budget report to their clients’ inboxes by the following morning. The report is written by our in-house content team and fact-checked by practising accountants. Use it to communicate with your clients, share how any announced changes will impact them, and demonstrate your knowledge to future clients. 

The Spring Budget report can be purchased as a one-off payment or as part of our Business and Tax Pack subscription. Start planning how you will communicate to your clients and click here to ensure you have yours sorted for March.

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Replies (12)

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By Open all hours
09th Feb 2024 07:13

Absolutely agree about the multiple ‘leaks’ pre budget. I believe some things are put out (especially in the Telegraph) to test public opinion. The Speaker of the Commons has allowed this practice to go unpunished and so the office of Chancellor is demeaned.
Some have expressed approval of the leak approach because it allows them to absorb info. over a number of days.

I’d rather have it done properly, comprehensively on one day. Even then it can take days afterwards to get the bits he’d rather were hidden.

Having a Chancellor who treats us like grown ups would be an improvement but that simply won’t be happening.

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Replying to Open all hours:
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By johnjenkins
09th Feb 2024 10:39

I prefer to do my planning when I know what I'm talking about and not second guessing.

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By Husbandofstinky
09th Feb 2024 14:00

No doubt there will be one or two monster bunnies cropping up as the Tories continue to languish in the polls. All of a sudden there will be that secret money tree orchard that no one told Jeremy about.

Jibe's aside, I do like the leaked approach be it any policy change. It works both ways imo.

However, until reality hits on the day itself all of which shall remain as a fairy tale or just pure banter

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Replying to Husbandofstinky:
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By johnjenkins
09th Feb 2024 15:07

Unfortunately little leaks can lead you to believe something which gets you on their side but then it ends up being negging.

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By DJKL
13th Feb 2024 09:37

Not sure there will be that many changes that will long term impact our futures as the could well be gone by January latest. Of course they might include some poison pill policies that Labour reversing would look bad for Labour, but frankly I find it hard to believe that anything struck will have much of a shelf life.

Also, is "The British ISA" the height of their thinking (Define British re shares and if this is defined as where they are listed look where these companies really operate?) Such a lack of structured thinking re growth and if this is their best bet to increase productivity (clue, secondary share markets have a very limited impact on company investment plans) then I despair.

Budgets are like Hogmanay, when younger you get all excited about the promise inherent but after a few years you realise it tends to all be pretty lame and underwhelming.

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Replying to DJKL:
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By johnjenkins
13th Feb 2024 09:52

It doesn't matter what they do they're out. NF has summed it up quite correctly in saying the Tories have let the country down quite badly. Only Sir Kier isn't Tony Blair.

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Replying to johnjenkins:
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By DJKL
13th Feb 2024 11:30

A week is a long time, it is not impossible Labour do not get an overall majority, unlikely yes, impossible no.

I do like your understated "quite badly" for the train wreck they have been.

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Replying to DJKL:
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By johnjenkins
13th Feb 2024 11:54

A scenario:- If the Tories had allowed Boris to stay, would the public have forgiven him for his indiscretions? Even more to the point, could he have won the election for them? The reason why I am asking is that the public aren't too keen on Sir Kier and Reform are doing extremely well.

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Replying to johnjenkins:
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By DJKL
13th Feb 2024 12:12

That depends on the party- if the various self important Conservative groups had carried on biting lumps out of one another probably not.

They look stale, but then again party under Major, when he succeeded Thatcher, looked stale and won an election.

Catch is Conservatives have been stale for a while (years), they seem to have nothing original to say or do, whatever one's beliefs in Brexit the post Brexit innovation has just not been there, they basically became self indulgent re their own pet sectional foibles.

They had a reputation, not pleasant but efficient, but they have lost their economic competence badge so frankly these days they are just unpleasant and incompetent, not really much of a USP.

However I agree, Labour are not setting the heather alight re ideas, they seem afraid to have any (and given politics is no longer about making a statement but instead is more about not making a mistake that may be wise), so they do likely get in, they possibly get two terms, Conservatives lick wounds a bit like post 1997 and hopefully do not find another cause to argue amongst themselves about.

However even if they do repent of their sins I cannot see me returning to the fold, they are now, re my vote, sin die.

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Replying to DJKL:
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By johnjenkins
13th Feb 2024 12:34

Very similar circumstances to the Major election. Everything was going Labour's way until the last couple of weeks, when Maggie was wheeled out.
Well isn't it amazing the Tories want to bring Boris back and even want NF in the fold. They've even brought DC back (Liz you got a chance here). You can't write this stuff.

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Replying to johnjenkins:
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By DJKL
21st Feb 2024 18:07

With the greatest respect Boris is no Maggie and NF is beyond the pale. (And I did not even really like Maggie, but at least she had an intellect and an incisive mind, Boris, Nigel , Liz and the rest of them are mere parody politicians)

I thought that was the one where John mounted his box.

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Replying to DJKL:
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By johnjenkins
22nd Feb 2024 09:22

My post was very tongue in cheek. I thought Maggie and Tony were very comparable. Boris tried but ended up a casualty of lockdown. I do feel Liz and Nigel have something to offer which is different from the two main parties.
I really can't see Sir Kier lasting the distance.
One thing is very sure and that is we need something other than the same old rubbish we get from the two main parties.
Looking around the world, most countries have the same problem even the USA.

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