November 17th won’t go down in anyone’s diary as a date to remember unless they’re lucky enough to have a birthday to take their mind off the hammer blows that UK Chancellor Jeremy Hunt dealt to ‘alarm-clock Britain’. Much of the UK’s lenient tax regime went out the window as tax and investment planning tools (capital gains tax allowance and nil rate dividend allowance) were halved and halved again over the next two tax years, and income, pension and inheritance tax (IHT) thresholds were frozen until 2028.
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