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Events, dear boy

10 December 2013 / Mike Truman
Issue: 4432 / Categories: Comment & Analysis , Admin , Budget/Finance Act

The chancellor should resist the urge to make tax announcements in the autumn statement


  • Over-management of news cycle for autumn statement.
  • Inclusion of tax measures when there is insufficient detail to explain them.
  • Change to alternative investment fund management partnerships will raise a surprisingly high amount.
  • Will non-residents be able to make a main residence election?

As Harold Macmillan is often quoted as saying (though he probably never did) the greatest fear of politicians is “events dear boy events”.  If that were true in his day it is even truer in these times of 24-hour news and meticulous media management.

Going back even further than Macmillan Labour chancellor Hugh Dalton famously had to resign in 1947 when on his way into the chamber to give his Budget speech he told an evening newspaper journalist the key points from it ...

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