N&G News
Pre Budget Report
Our Pre Budget Report is available for download by clicking the link below. Billed by some as the most important Chancellor’s statement for over 70 years, the Chancellor’s goal was to boost expenditure in the short term with increased public spending and reduced tax, and also to outline the ways that the government could raise funds from tax increases in the longer term. The immediate temporary reduction in VAT and the package of measures to help business are offset by tax increases that are scheduled to take effect after the next election.