31 October
By Victoria Wainwright
Categories: Government

Budget 2018 – what did it actually mean?

Philip Hammond has presented his Autumn Budget on 29th October. What did the Chancellor say and what did it actually mean?

On Monday 29th October 2018, with just five months to go until Britain is due to leave the EU, Philip Hammond presented his Autumn Budget.

Lasting well over an hour, the Budget, described by the Chancellor as “a Budget that paves the way for a brighter future” announced a range of spending measures and tax changes but it seems it is still very much a case of watch this space as revisions could be announced come April.

In his speech, Philip Hammond stated that ‘austerity is coming to an end – but discipline will remain’. He also promised a ‘double deal dividend’ if the Brexit negotiations are successful but stated that there may be a full-scale Spring Budget in 2019 if not.

Our budget summary focuses on the tax changes which may affect you, your family and your business.

Click here to view our full Budget 2018 summary.

Please get in touch with our tax experts if you would like to discuss anything in more detail.