This was an Autumn Statement for ‘hard working people’,except those on high incomes.
Well, goodness me – the sun is shining and Mr Osborne is out there fixing the roof. Although by the sound of it, nothing needed fixing. Growth is shooting up unexpectedly and better than practically everywhere else in the world; employment is at an all-time high, the deficit will be gone soon and we will be surplus by 2018. Can it really be that good? Apparently, the Offce of Budget Responsibility says that this is part of the cyclical improvement. Perhaps this means that everything is much better because we have all got on our bike.
Article first published in Tax Journal on 6 December.