Spring Statement 2018 snapshot

Story

The Chancellor, Philip Hammond, presented the Spring Statement 2018 earlier today. Read on to find out what he said.

Although major tax and spending changes will now be announced once a year at the Budget in Autumn, Hammond’s first Spring Statement provided an update on the progress made since the Autumn Budget 2017.


Spring Statement 2018 key points snapshot:

  • UK’s borrowing has dropped for the first time in 17 years
  • The economy has grown for five consecutive years, exceeding expectation in 2017
  • Plastic pollution is to be tackled through the tax system
  • National Living Wage will rise to £7.83 from April 2018
  • 60,000 first-time buyers benefitted from stamp duty changes announced in the last Budget

Read the detailed summary of everything covered in the Spring Statement 2018 on gov.uk or by clicking here

News

Find all the latest industry news, all written by our in-house industry experts.

Breathe a sigh of relief this tax year-end

Breathe a sigh of relief this tax year-end

Story 18/02/19

The 2018/19 tax year end is fast approaching, which means now is the time to review your tax position. There are certain steps you can take to ensure you remain ahead, and we start by looking at reliefs, specifically pension tax relief.

Shareholder protection – what happens to my business if I die?

Shareholder protection – what happens to my business if I die?

Story 15/02/19

If you haven’t yet made a plan for what'll happen to your business in the event of the death or critical illness of a director, key shareholder or star employee, here's what you need to know.

Get your finances in order with the ‘PIMPSI' rule

Get your finances in order with the ‘PIMPSI' rule

Story 12/02/19

Joe Swanson, an independent adviser at AFH Wealth Management, looks at what you need to be thinking about when it comes to creating your financial plan.

More articles

Get in touch

To discover how AFH's unique approach to wealth management can help you build a better future, please contact us.