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23rd October 2013

Autumn Statement 2013

Filed Under: Tax


The Chancellor of the Exchequer, George Osborne, has confirmed that his annual Autumn Statement to Parliament will be on 4 December 2013.

This statement sets out an update on the government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility, which are also published alongside the Autumn Statement.

The Chancellor confirmed the December date on his official Twitter account, Osborne said: “Can confirm that autumn statement will be on 4th Dec. That’s when we’ll set out our next steps in plan to secure the economic recovery #AS2013”

After the budget, the Autumn Statement is widely regarded as the most significant economic event of the parliamentary year.

Last week political posturing got underway for the 2015 election with news that the Conservatives were drawing up plans to raise the personal tax allowance to £12,500.  According to the Financial Times, top Tory party officials believe the move will appeal to core voters who will benefit from a tax cut and enable them to claim they are tackling the cost of living crisis by taking low earners out of tax completely.

Daniel Langridge
daniellangridge@thlaccountancy.co.uk
01903 300230

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