Phillip Hammond faces an unenviable task today when he delivers his next (and last?) budget to Parliament.
All eyes will be on the detail. If he plays it safe and adopts a steady-as-you-go approach colleagues with larger ambitions will be stamping their feet anxious to promote the notion that it’s all systems go for growth – let’s look on the bright side…
If he ignores his previous drift towards caution, and instead increases borrowing, lowers taxes, introduces new incentives to invest, he will no doubt be criticised by an equal number of nay-sayers.
He seems to be well and truly caught between a rock and a hard place.
It is doubtful that any radical changes to the tax system will be welcomed by the already, over-burdened tax profession; especially, as they move, inexorably, towards the January 2018 self-assessment filing deadline.
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