Budget 2015 – Economic overview

The economy – an end to austerity in 2019….? Britain is getting “out of the red and into the black”, per Chancellor Osborne, going from “austerity to prosperity”. Based on figures provided by the independent Office for Budget Responsibility, the public finances are in better shape than expected, based on previous growth and borrowing forecasts. UK (Gross Domestic Product) growth … Read More

What we’re expecting in Budget 2015

Scrapping of annual tax returns – a late announcement on Budget morning. Over a five year period ending in 2020, the annual tax return will be phased out in favour of a digital tax account. HMRC will gather taxpayers’ information from banks, pension providers, employers and other relevant sources, which in turn feeds into a single online account. Pensions – … Read More