The Chancellor's Autumn Statement
In his Autumn Statement, George Osborne talked to MPs about the state of the UK economy. This follows a report issued by the Office for Budget Responsibility (OBR) in which it lays out its latest growth and borrowing forecasts: the report shows economic growth has been revised downwards and borrowing higher, than was forecast during the Budget earlier this year.
However the Government plans to introduce a number of new initiatives to stimulate growth in the small business sector and concessions to support for families.
From a financial planning perspective it was perhaps not as exciting as some commentators predicted - for example no changes to pension tax relief for individuals were announced and we still have the 50% additional rate of tax. There were, however, some notable changes to pensions and investment incentives.
You can read our summary or download the Government's statement.
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