Autumn Budget – Tax rises to come, but where?

In this episode Lord Richard Harrington, a member of the House of Lords, former Business Minister and consultant at Stephenson Harwood, is joined by Ronnie Myers, a Partner in the private wealth team, to analyse the Budget speculation and consider where individuals and businesses might be affected on November 26.

Faced with above target inflation and higher-than-expected borrowing, the Chancellor has been looking at both tax rises and spending cuts. However, the Labour Party’s manifesto pledges not to increase taxes on working people have boxed the Chancellor in a corner. So where is the money going to come from, and how does a Government put a Budget together?