Winners and losers: Industry reaction to the big Autumn Statement issues

Alice Rigby
clock

Chancellor George Osborne announced a raft of fiscal changes today in the final Autumn Statement of the current parliament.

Beginning with a comprehensive economic forecast via the Office for Budget Responsibility, Osborne said the British economy is on the right track and that borrowing is falling. His reforms included the news that ISAs will retain their tax-free status when transferred to a spouse upon death, a full restructure of the stamp duty system, and a new tax on companies moving profits offshore. He also targeted hedge fund and private equity managers as part of the wider crackdown on tax avoidance. Below, industry professionals give their reactions to the measures outlined this afternoon. ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

UK consumer confidence hits two-year high as disposable income rises

UK consumer confidence hits two-year high as disposable income rises

Deloitte Consumer Tracker

Cristian Angeloni
clock 19 April 2024 • 2 min read
UK retail sales flatline as consumers cut back on food

UK retail sales flatline as consumers cut back on food

Following 0.1% increase in February

Cristian Angeloni
clock 19 April 2024 • 1 min read
Bank of England's Andrew Bailey: UK is 'on track' to tame inflation - reports

Bank of England's Andrew Bailey: UK is 'on track' to tame inflation - reports

‘Pronounced’ disinflation period

clock 18 April 2024 • 1 min read
Trustpilot