"The removal of both the 45 per cent top rate of tax from 6 April 2023 and the cap on bankers' bonuses will surely grab some headlines. In reality, there are very choppy waters ahead and the government may hope that this package will stimulate the economy. With the cost of living ever rising coupled with interest rate rises on a monthly basis this remains to be seen."
Writing in WealthBriefing, partner Rebecca Fisher comments on the UK's recent mini-budget, noting that despite Government hopes that the package will stimulate economic growth, it remains to be seen whether a return to Thatcherite economic policies will do more harm than good.
The full article is available to read online in WealthBriefing.
Rebecca Fisher is a partner in the private client team. She advises families and individuals on all aspects of private client law including wills, estate planning, administration of estates, trusts and powers of attorney.
She regularly advises clients including entrepreneurs, business owners and multi-generational family businesses on succession planning, with particular focus on inheritance tax and capital gains tax planning.