THE BUDGET - REDUCED
Summary
Anyway the 98 pages of light reading provide a distraction… Owners of commercial property will pay less capital gains tax, 4% less or a reduction of 14%, or 28% reducing to 24% for higher and additional rate taxpayers, depending on how you like your spin. Over the last decade we have all witnessed the decline of retailers and shopping centres, the pandemic added to their misery and extended it to the office sector who have gradually spun the dial on remote working whilst watching energy bills soar and staffing levels make the place feel like an episode from “The Last of Us”. Sadly for most people the reality of juggling childcare and credits, whilst manipulating income is really a gigantic hassle merely to demonstrate that they qualify to have to refund of money that has already been spent. I imagine the plan to test AI to automate GP letters and discharge summaries will provide ample resource for comedians and there are assurances that it will not be called horayitzgon.. There is a continued attempt to entice businesses to money launder, I mean list in London with not a hint of tropical offshore waters with a scheme called PISCES (that’s Private Intermittent Securities and Capital Exchange System) to you and I.