This will be a Budget containing bribes. The general election is round the corner and Labour will not be certain to be re-elected. Sorting out the hype from the true benefits will be a job for IFAs.
Prudent management will be the watchword with some give-aways at the edges.
There will be usual tax rises on fuel and tobacco, with encouragement for “green cars” and the environment. This will be good news for socially responsible investment funds and those insurance and investment companies that have promoted this type of investment.
Stakeholder must get a mention, even if only a flag waving. April is too near to resist the temptation of smug comment.
We might see annuity age relaxation, possibly with the quid pro quo of lifting the lower retirement age to 55 or – horrors – loss of higher-rate tax relief.
Well, on March 8, the Budget will be history, so any IFA would be wise not to lose sleep over too much speculation.