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A lot can happen in ten years
Key points
- George Osborne’s 2012 Budget was dubbed by the then Labour leader as an ‘omnishambles’.
- The 2012 economic outlook was considered hard however inflation is currently running higher than the OBR’s predicted 40-year high.
- ‘Stealth taxes’ (freezing of rates and allowances) are going to bite harder.
- The new government has the opportunity to cut taxes.
Earlier this year Claritas Tax was delighted to win ‘best independent tax consultancy firm’ at the 2022 Taxation Awards. As anyone who watched the videos recorded post-win will testify it meant a huge amount to us as a firm particularly coming in the same year we celebrated our tenth birthday; indeed our award submission featured some cute photographs of our team peering out at the judges with their own decade-old toothy grins. But while we are enjoying celebrating our own milestone we thought it would also be interesting to look...
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