With an election likely within the next year, inflation having fallen to 4.6% from a peak of over 11%, and the Government having some financial wriggle room - today’s Autumn Statement was always likely to focus on measures to appeal to the public.
Many of the headlines will be dominated by the cut in the standard rate of employee National Insurance from 12% to 10%. And, unusually, this will come into force on 6 January 2024 rather than at the start of the tax year.
But alongside the various tax measures, there are several changes to pensions and ISAs which we’ve outlined in our latest Tech Talk. Although, these could be seen as tinkering around the edges, rather than wholesale changes.
