Autumn Statement 2010

The Autumn Statement is the Coalition’s replacement for the previous Government’s Pre-Budget Report. Whereas Gordon Brown and Alistair Darling used the occasion to make announcements on draft tax changes and legislation that would appear in the spring Budget, George Osborne gave a more concise speech focusing on the economy.


However, the Autumn Statement represents a good opportunity to take stock of where we are generally, in this busy first year of Coalition Government.

 

In this newsletter, we round up some of the most important tax and business changes announced in the last five months or so, starting with the Emergency Budget in June, including:

 

  • The forthcoming increase in the standard rate of VAT
  • Changes to pensions tax relief
  • Planned reforms to corporation tax.


We also summarise October’s Comprehensive Spending Review, in which the Chancellor unveiled over £80 billion in public sector spending cuts.
If you would like to discuss any of the issues mentioned in this newsletter, do contact us.

 

Click on the link to download a pdf version of the WK Autumn Review Newsletter.