Budget 2017 predictions

Chancellor Phillip Hammond will present his Autumn Budget to Parliament on Wednesday 22 November. The statement has been widely tipped to contain some concessions to younger voters but this will do little to relieve the pressure on maintaining fiscal targets. The Conservative Party conference in October outlined a number of policies aimed at courting younger … Continue reading “Budget 2017 predictions”

The art of the deal and tax cuts for the US

President Trump promised the USA the art of the deal when he came to office. He conjured a view of a successful businessman cutting a better deal for working America, with a new approach to trade, tax, infrastructure spending and the rest to promote a more prosperous country. Seven months on, some are asking if … Continue reading “The art of the deal and tax cuts for the US”

The pre-Brexit Budget that went off without a bang

Stephanie Flanders, Chief Market Strategist for the UK and Europe at JP Morgan Asset Management, shares her thoughts on the chancellor’s spending review in a short response bulletin. Stephanie considers the effect of the announced measures on the economy and the implications for investors. Today the UK Chancellor, Philip Hammond, had to sound like he … Continue reading “The pre-Brexit Budget that went off without a bang”

Forbidden fruit

There are unusual, even bizarre, aspects to the news that the European Commission has ordered Ireland to claw back €13 billion in back taxes from Apple. The figure represents the difference between Ireland’s standard corporation tax rate and the somewhat smaller figure paid by Apple over the past quarter-century. First, the Irish Government has decided … Continue reading “Forbidden fruit”