Spring Statement - UK private wealth sector reacts

Will Sidery, 24/03/2022

UK Chancellor Rishi Sunak has delivered his Spring Statement and – despite headline grabbing pledges to cut the basic rate of income tax next year and increase the National Insurance threshold– there were few announcements that would cause immediate concern amongst the private wealth sector.

Mr Sunak announced that he would cut the basic rate of income tax from 20p to 19p from 2024 whilst the government will also raise the threshold people earn before they pa...

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