Budget 2021 highlights
Posted by JSCFinancial on Friday 26th of March 2021
Rishi Sunak has had to make some tough decisions as he balances tackling the health crisis, securing an economic recovery and looking ahead to fixing the public finances.
In this year’s Budget the Chancellor has juggled contradictory demands by setting out his plan to continue supporting millions of people and businesses hit by the Covid lockdown, while also outlining a path to start fixing the economy. Here’s a summary of the policies that could affect the personal finances of families and business owners throughout the UK.
Taxes and al...
The key areas of Tax Day
Posted by JSCFinancial on Friday 26th of March 2021
In mid-February the Treasury announced that “To allow for more transparency and scrutiny, documents and consultations that would traditionally be published at a Budget will be published on 23 March”. It was far from clear what would, or would not, emerge just 20 days after Rishi Sunak’s first Budget of 2021. A letter from the Financial Secretary, Jesse Norman, to the Treasury Select Committee promising “… a number of consultations, most of which will be published on the same day” was similarly vague.
Nevertheless, 23 March became labelled T...
Spring Budget 2021 “We will recover”
Posted by JSCFinancial on Thursday 25th of March 2021
Chancellor of the Exchequer, Rishi Sunak, delivered his second Budget on 3 March declaring that "we will recover". The key fiscal event, which had been delayed from the Autumn due to the pandemic, centred on a £65bn three-part plan designed to continue supporting British people and businesses through the pandemic, ‘fix’ the public finances once recovery begins and lay the foundations for the future economy.
Economic Forecasts
The Chancellor began his statement by revealing the latest forecasts produced by the Office for Budget Responsibility...
