Anticipation for one of the most eagerly awaited Budgets in recent years spilled into the news schedules weeks ahead of the big day. To cater for the growing interest, AccountingWEB enlisted our tax brains trust to monitor all the rumours, leaks and policy steers leading up to and beyond Rishi Sunak’s speech to the Commons at 12:30pm on Wed 3 March.
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3 March, 13:52 – Tax and insurance specialist Seb Maley responded to the Budget by pointing out the ‘cracks’ in Sunak’s plan.
“On the face of it, the headline grabbing measures in this Budget seem generous - no immediate increase in corporation tax, a freeze on personal tax thresholds and more support for the self-employed will please many people working for themselves, in the short term at least. Dig deeper though and the cracks in this Budget become clear.
“The Chancellor reiterated that he will do ‘whatever it takes’ to support people and businesses. Yet millions of small business owners have been abandoned and left stranded without meaningful financial help for an entire year. The government must go further - these workers are key to the economic recovery.
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