Budget 2016 Summary

The Chancellor, George Osborne, described his Autumn Statement today as being a “Spending Review of One Nation, Builders of our Better Future”, and announced a number of severe cuts but also increases in budgets in sectors such as the NHS.

Apart from the cuts, it’s difficult to see where all the additional funding will come from as there were very few tax announcements made today, unlike the raft of measures announced in this year’s Summer Budget. Much is reported to come from increased tax receipts from HMRC’s attack against avoidance and evasion though.

The highlight for me came when Mr Bercow told Labour MP Ian Lewis to get a grip of himself and to take up yoga, which ‘you’ll find it of benefit man!’ I might join him!

We will need to carefully consider the draft legislation to be released on 9 December to see if anything has been hidden away. Click on the link to read our full highlights. Autumn Statement 2015 Highlights

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