First impressions of the chancellor’s ‘growth plan’

There had been so many hints and briefings about the chancellor’s statement (I am tempted to use the capital allowances terminology and call it a Super-Budget) that I confess that I had drafted a fairly complete analysis article before the event itself. That soon got shredded. This was by any estimation a major statement. It felt like the first Budget of a newly-elected government coming in after years of being in opposition: you had to keep reminding yourself that the people involved had all been part of the previous government in some cases for years. But let’s leave the politics to others. What does it all mean for tax advisers?

I hope readers will accept that within the short time between the announcement and publication it is not possible for us to attempt a comprehensive analysis of all of the changes. We are commissioning expert commentary from the...