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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. 

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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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