Yesterday, Wednesday 5 December, the Office for Budget Responsibility (OBR) published its updated forecast for the UK economy. Chancellor George Osborne responded to that forecast in a statement to the House of Commons later on that day.
Hallidays of Stockport have issued a summary to the Chancellor’s Autumn Statement.
In the period since the Budget in March a number of consultation papers and discussion documents have been published by HMRC and some of these proposals are summarised here.
The summary also provides a reminder of other key developments which are to take place from April 2013.
The Chancellor’s statement:
His speech and the subsequent documentation was a ‘mini-Budget’ announcing tax measures in addition to the normal economic measures. The summary concentrates on the tax measures which include:
- changes to personal allowances and tax bands
- changes to pensions reliefs
- a tenfold increase in the Annual Investment Allowance to £250,000
- a further reduction in the main rate of corporation tax
- announcements regarding the General Anti Abuse Rule and other ‘abusive arrangements’.
To read Hallidays summary click here
Stopfordians urged to register to vote by 19th April ahead of local elections 
Northern leaders respond to Chancellor’s coronavirus stimulus announcements 
Online learning platform launched to boost workplace skills