I am not sure how to describe the overall feeling in the office on what one colleague has described as ‘Budget Boxing Day’. In my 15 years in this profession, I have never known any financial or political event (Budget, Autumn Statement, Election etc) to cause this much rumour, speculation and in some cases, outright panic!
In one way yesterday was a huge relief – after a seemingly never-ending period between the election and the budget, we finally have some certainly about the future direction of travel for tax policy. Unfortunately, that is where the good news ends really.
Before I get into the detail, I would like to put on record my thanks to the Buckingham Gate team who have worked tirelessly over the past 3 months or so to get planning solutions in place for clients ahead of the budget day – I have never seen such dedication and determination and I am very grateful for all of their efforts!
