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ARTICLE · 22 NOVEMBER 2017

Budget Commentary 2017 - A Legal Commentary

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Budget 2017 is complete. Amid intense financial pressure due to public sector net borrowing worsening and the current uncertainty in the economy due to Brexit, ...

United KingdomGovernment, Public Sector
Stuart Carter
Stuart Carter
Robert Shooter
Robert Shooter
David Carmichael
David Carmichael

Budget 2017 is complete. Amid intense financial pressure due to public sector net borrowing worsening and the current uncertainty in the economy due to Brexit, the Chancellor has outlined the government's plans to create a sustainable future for Britain. He outlined a balanced approach to reducing Britain's deficit whilst encouraging growth and investment.

Key Highlights from the Budget 2017:

  • Stamp duty abolished for first time buyers up to £300k, or £500k in London.
  • £44bn capital investment to boost the housing market. Construction of 300,000 homes being built every year.
  • Diesel cars which don't meet quality standards by 2018 wil be hit by additional tax.
  • £40m to train maths teachers and £600 Maths premium for every additional pupil who takes A level or core maths.

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