Autumn Statement: ‘A budget in all but name’ – expert analysis
17:11 05 December 2012
Clare Goodswen, partner at M&A Partners in Norwich, delivers her verdict on Chancellor George Osborne’s Autumn Statement.
The chancellor’s Autumn Statement is usually rather a damp squib – but not so this year.
George Osborne was under pressure to deliver measures to kick start the economy but without increasing public sector borrowing or raising taxes.
What he actually delivered was a budget in all but name.
Surprisingly there were announcements about a number of specific tax changes, most of which are intended to increase investment in businesses of all sizes, from micro business to multi national companies.
There appears one aim to government tax policy – making UK plc a competitive environment to do business – so the economy grows and the budget deficit shrinks.
You can read Clare Goodswen’s full expert analysis in the eight-page special supplement in tomorrow’s Eastern Daily Press.