THE CHANCELLOR will give his autumn statement on 5 December, it has been confirmed.
It comes a week later than last year, and although it is not a Budget, significant announcements are not uncommon, with various consultations due to conclude by the time of the statement.
PwC tax partner Alex Henderson said: “Given the fiscal situation, we’re unlikely to see any big Christmas giveaways.
“The Finance Bill due early December, so people are going to be watching what the chancellor says closely. We hope the chancellor will return to themes we’ve seen before, such as making the UK an attractive place to do business and simplifying the tax system.”
Signed into law by president Barack Obama in 2010, the Dodd-Frank legislation has tightened regulation of the US financial system
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Yet, KPMG’s annual survey shows that the UK is still an attractive place to do business, despite falling in rankings in tax competitiveness and FDI appeal