Budget 2018: A Monday unlike any other

The Chancellor, Philip Hammond, has announced that the 2018 Budget will be held on Monday 29th October. That's right, a Monday. Typically, Budgets have always been delivered on Wednesday, a tradition that has survived since 1962 and the various hops around the calendar from March to February to autumn. But we live in interesting times, …

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The Scottish Draft Budget 2018/19 – a new tax structure?

The Scottish draft Budget on 14 December 2017 was eagerly awaited following draft proposals from the Scottish Government for reforming the structure of income tax. Derek Mackay, the Scottish Cabinet Secretary for Finance and the Constitution, did not disappoint, revealing a revised income tax framework that he said would “make Scotland’s tax system fairer and …

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What can we expect from the Autumn Statement?

The weekend press and airwaves echoed the discussion of the Autumn Statement and predictions have been coming in thick and fast. Today there was news that the country's public finances improved in October, with a fall in the monthly deficit to £4.8bn from £6.4bn in the same month in 2015. No doubt this will have …

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An all time low since 1694 – interest rate highlights

Yesterday the Bank of England finally cut base rate to 0.25% – an all-time low. That phrase sparked our curiosity, so we’ve had a look at some highlights from the long history of the base rate. How to pay for a navy - 1694 Established as the Governor and Company of the Bank of England …

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