A mixed bag today. Good news on personal allowances - from 2014 that is. And great news that the AIA limit goes up ten-fold in January (although watch out for 31 March 2013 year ends, you won't get the full £250K).
The abolition of the proposed fuel duty rise was also very welcome, although I suspect it was more likely a cynical bit of spin. My suspicion is that they never intended to follow through with it, but by leaving it on the cards they had created such a depth of public feeling that everyone is celebrating something that now isn't going to happen! Meanwhile, public sector jobs and benefits are being cut.
Dualling the A30 in Cornwall will help boost trade links down here in the South West and is well overdue, and it sounds like we might even get decent broadband this decade!
But once again the Chancellor used the opportunity to confuse the media and the public over the tax avoidance/evasion issue. We have recently seen a high profile company being lambasted for using brought forward trading losses. How long before the Government starts to target low earners for using their personal allowances to avoid paying tax?
George, all we want is a simple tax system that can be applied fairly to and by all. You know where the so-called loopholes are - you either need to change the law to close them, or come out and admit that you're happy to leave them as they are. And let's have a few more measures to help the UK's very small businesses, those for whom a £25,000 AIA was more than enough. I'm not exactly looking forward to the March 2013 Budget, but I hope it makes better reading that the Autumn statement.