Randall & Payne’s essential Budget Day round-up

PUBLISHED: 10:10 24 November 2017 | UPDATED: 10:10 24 November 2017

Randall & Payne's analysis of the Autumn Budget

Archant

Over 100 delegates from across the region joined Randall & Payne at Kingsholm Stadium for our sixth Budget Day event, where they debated, discussed and tried to make sense of what the Chancellor revealed in the Autumn Budget

Randall & Payne concluded it was a fairly uneventful Budget, but led to some key announcements that will begin to take effect over the coming months:

• The Making Tax Digital timescale has not changed.

• The personal income tax allowance and higher rate threshold will rise to £11,850 and £46,350 respectively from April 2018.

• Stamp duty will be abolished for all first-time buyer purchases up to £300,000.

• Fuel duty will be frozen again for both petrol and diesel.

• Schools will get an additional £600 per pupil taking A-level maths.

• Over £80m has been pledged to train 12,000 computer science teachers.

• A new crackdown on tax avoidance and evasion forecast is set to raise £4.8bn by 2022/23.

• A raft of investment has been pledged for technology, innovation and housing initiatives.

Visit the Randall & Payne blog to see what their experts made of it all.

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