Making sense of the budget

AS I write, the Chancellor (still referred to as The New Chancellor, and who can blame us?) is still on his feet in the Commons, putting forward his Autumn Budget Statement.

It is a fulsome piece and there will be many hours of debate around it over the next few days. The inboxes at Probusiness will be pretty full of a wide variety of explanations of the Budget – essential kit for accountants everywhere, who spend their daily lives working with and interpreting the financial laws of this country.

Now this comment isn’t designed to make us all seem too smart for our own boots – far from it! When the chips are down in other areas of business, we instantly revert to seeking help from a host of experts in whatever field we need them in.

However, the moral of this little tale is that in this particular instance, your accountant and financial adviser is probably just the person best placed to help you manoeuvre your way through the intricacies of this budget statement.

There are always “winners and losers” and, at this moment, it is too soon for us to be able to give anyone a clear idea of who they might be.

If you are in business you may well receive multiple budget summaries from various sources because there is a whole industry which concentrates on selling instant reports for those in the financial world to send to their clients.

We don’t subscribe to this approach but will tell our clients about any changes that affect them at the appropriate time and what we hope for is that our clients will call us with their particular queries and concerns so we can discuss their individual circumstances with them.

Well, this short piece is going to have to wait upon the chancellor completing his speech, after which we shall be checking carefully the full impacts the budget might have on you. That is, after all, what we are here for!

I hope you are a “Winner” whoever you are, and if we can help our clients, free of charge, well, you know where we are!

Take care

JANE BOWE PROBUSINESS