Today the Chancellor Phillip Hammond delivered his first Budget….and his last Spring Budget. Nearly all the measures announced were those previously announced, making the Spring Budget 2017 one of the most tedious and boring and perhaps should all have been left until November. There were a few minor adjustments to policy which probably makes the statement that the government got it wrong in the first place. The change to the annual dividend exemption which is probably the most drastic change effectively admits that the original policy was badly misjudged.
The changes to National Insurance is basically a tax increase without calling it a tax increase