Categories: News

Spring Statement 2018. Find out more about the key points.

Chancellor Philip Hammond delivered his first Spring Statement on 13th March 2018.  Below is a summary of the key points from his speech:

Spring Statement 2018

Economy

The UK economy has grown every year since 2010 and is now expected to grow at the faster rate of 1.5% this year, compared to the forecast of 1.4% predicted in the Autumn Budget.

Borrowing

Borrowing is now forecast to be £45.2 billion this year – £4.7 billion less than predicted in November. 

Stamp Duty

60,000 people have so far benefited from the stamp duty land tax exemption for first-time buyers announced last autumn. 

Business Rates

The first of the new three-yearly revaluations of business rates will be in 2021, a year earlier than previously proposed. 

Broadband

Funding to be allocated from the Challenge Fund to provide money to help roll out full-fibre broadband to 13 areas of the UK. 

T-Level Training


More than £500 million per year to be committed to support
T-level training for 16-19-year-olds to study in fifteen different sectors.

How we can help you plan for a secure financial future.

At Anstee & Co we are Independent Financial Advisers (IFA’s). This means that we look at all the options that are available to you. We search for financial solutions form the “whole of market”. We do not work just from a limited panel of providers. Many of our team have taken additional exams and are committed to “Continuous Profesional Development”.

If you would like to arrange a meeting to review your financial situation then why not contact us today. The first meeting is free. We will not undertake any work for you until you are fully aware of the financial costs if any.

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Contact us today to secure your financial future.

 

Peter Anstee