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Welcome to the February 2021 issue of our newsletter.
Welcome to the February 2021 issue of our newsletter
The Bank of England monetary policy committee recently stated that GDP is projected to recover rapidly towards pre-Covid levels over the year, as the vaccination programme is assumed to lead to an easing of Covid-related restrictions and people’s health concerns, although this depends on the evolution of the pandemic, measures taken to protect public health, and how households, businesses and financial markets respond to these developments.
The Budget – don’t miss our immediate summary
In the Budget on Wednesday 3 March 2021, the Chancellor, Rishi Sunak, will set out the next phase of the plan to tackle the pandemic.
Although we will not be able to host our usual event, Debbie Franklin, Director of Tax, will be providing our immediate summary in video format. It will focus on the tax measures and announcements which may affect you, your family and your business. We will also provide a written summary with useful tips.
For now, there are important business updates, tax saving tips and much more below.
Please contact us if you need further assistance. We are here to support you.
06 Feb 2024
Government borrowing fell to £7.8 billion in December 2023 giving Chancellor Jeremy Hunt more scope to make the tax cuts he has hinted at in the Spring Budget.
Tax cut promises may need to be scrapped as a result of the UK being in an 'unfortunate economic and fiscal bind', the Institute for Fiscal Studies (IFS) has warned.
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