Yesterday, George Osborne delivered his first full Budget of the current Parliament. In his own words he described this as a Budget for the next generation, with a repeated theme of “act now, so we don’t pay later”.
His speech contained the usual set of jokes at the opposition’s expense and a healthy smattering of his own phrases of choice – six uses of “Northern Powerhouse”, with a “devolution revolution” and “we are the builders” thrown in for good measure.
In this note we cover the four announcements that we believe are likely to be most relevant to the financial planning of our clients, together with a brief comment on the potential impact of the Budget on markets. If you have any questions, please contact your usual adviser.