• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Top notice bar

Call us on 08000 388799

Avanti Tax Accountants HomepageAvanti Tax Accountants

Bookkeeping, Accountancy and Taxation services

  • Home
  • About Us
  • Our Services
    • Bookkeeping & Accountancy
    • Corporation & Personal Tax
    • Payroll & CIS
    • Company Secretarial Bureau
    • Budgeting, Forecasting & Business Valuations
    • Mentoring & Business Coaching
    • Software & Training
  • Our Accountants
  • News & Insights
  • Send An Enquiry
Home » News & Insights » Chancellor Bins Budget Amid Brexit Chaos

Chancellor Bins Budget Amid Brexit Chaos

Posted on 29th October 2019

Chancellor Sajid Javid has announced that the Autumn Budget for 2019 has been postponed, as Brexit is given an extension to 31st January.

As a snap general election looks increasingly likely, the Chancellor is in limbo with his future spending plans on hold.

The binned Budget has not failed to raise eyebrows, with backbenchers and opposition suggesting that the u-turn by the Chancellor is due to economic downturns. Labour’s John McDonnell is demanding the publication of financial forecasts while accusing the Chancellor of ;

“Tarnishing the standing of Britain on the world stage”

While comments such as these are inflammatory, The Office for Budget Responsibility have encouraged the Chancellor to publish economic forecasts which will provide a much needed financial health check.

The Institute of Fiscal Studies are concerned amid OBR warnings of Government borrowing expected to hit £8 billion more than was predicted for 2019, after spending pledges were made by the Government for policing, education and the health service.

If an election is held, it would appear voters could be left without crucial financial information that provides clarity on election pledges unless the Chancellor complies with the requests of the OBR.

The team at Avanti are keeping a keen eye on Westminster, and what decisions there could mean for you and your business. If you are unsure whether legislation applies to you or not, confused by how you comply, give us a call (08000) 388 799 for friendly, jargon free tax and business advice.

Share this post:

Share on TwitterShare on FacebookShare on LinkedInShare on E-mail

Filed Under: News

Disclaimer:- The information contained herein is given by way of general guidance only and no action should be taken solely on the basis of the information contained herein. The Avanti Group (UK) Ltd will be pleased to provide further guidance on the issues, and how they might affect you. No liability is accepted by the firm for any action taken without seeking appropriate professional advice

Footer

Navigate

  • Find An Accountant
  • About Us
  • News & Insights
  • Privacy Policy
  • Letter Of Engagement

Our Services

  • Software & Training
  • Mentoring & Business Coaching
  • Budgeting, Forecasting & Business Valuations
  • Company Secretarial Bureau
  • Payroll & CIS
  • Corporation & Personal Tax
  • Bookkeeping & Accountancy

Get In Touch

Tel: 08000 388799
Send us an enquiry

  • Facebook
  • Instagram
  • Twitter
Copyright © 2023 Avanti Tax Accountants · All Rights Reserved
Part of The Maurice J Bushell & Co Ltd Franchise (UK) Ltd · Company Reg: 10407313 and The Avanti Group (UK) Ltd · Company Reg: 04635630 · Created by Purple Hippo
  • So we can contact you to discuss your enquiry
  • So a member of our team from your area can contact you
  • By clicking ‘Send Enquiry’ you agree to receive contact from Avanti Tax Accountants using the details given above. We respect your personal information and your privacy and will not share or sell your information to other organisations. Please read our Privacy Policy for more information.
  • This field is for validation purposes and should be left unchanged.