Spring Statement 2019: Key Points
March 14, 2019
The Chancellor used his 35-minute speech to hammer home the likely economic impact of leaving the EU without a deal – “significant disruption in the short and medium-term and a smaller, less prosperous economy in the long-term”.
He also took the opportunity to reiterate that planned investment in public services – schools, hospitals, infrastructure – was on the assumption of an orderly exit from the EU, and that it would be back to the drawing board otherwise.
Other points of interest included updates on the following consultations:
- Entrepreneuers Relief
- Vat-registration threshold
- Tax avoidance, evasion and non-compliance
- Making Tax Digital for Vat-registered businesses