The Spring Budget: What it means for accountants

Anticipated as a budget like no other, the million-dollar question before the Spring Budget 2021 was how would the £280 billion spending spree from the past 12 months be recouped by the Treasury, and what would this mean for accountants? Commentary from John Edwards, CEO Institute of Financial Accountants. 


Even before the Chancellor Rishi Sunak delivered his second Budget, we knew that it would be nothing short of interesting, as it attempted to strike a balance between continuing to support people and businesses with the overall economy and government spending. Rumours abounded for weeks that this would be a taxation-heavy statement, and that the government was likely looking for speedy ways to recoup the levels of spending not seen since the Second World War. 

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