When Gordon Brown takes to the despatch box next Wednesday afternoon there will, as usual, be pressure from all sides on the chancellor to deliver.
Bookmakers want to see cuts in betting duty, investors are hoping for the abolition of stamp duty on share dealing, and truckers will be looking for a significant lowering of fuel duty if they are to cancel the action they have threatened for November 13.
The indications are that Brown won’t be bullied into spending his surplus, the size of which Ernst & Young’s ITEM club believes to be around #16bn.
Tax commentators suggest it’s more likely there will be some tampering with inheritance tax rates and a rise in personal tax allowances.
A revision of the confusing rules governing ISAs also seems on the cards.
Whoever the chancellor delights or upsets on 8 November, AccountancyAge.com will keep you informed with instant news and comment from leading industry figures and the accountancy profession.
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