Despite all that was said on Budget day, the biggest impact on business decisions is likely to lie in what the Chancellor did not say or do, says Chris Sanger.
Following the publication of Tax Policy Making: A New Approach back in 2010 Budgets were meant to be a whole lot less interesting. In theory the Budget is dominated by the contents of the subsequent Finance Bill and this is now expected to be published on ‘L-Day’ in the preceding December. Hence much of what the Chancellor has to say should be ‘old news’ by the time he stands up at the despatch box in a crowded House of Commons.
To some extent this was delivered last week with...
