A Payroll Podcast Budget Special episode, recorded just 24 hours following the budget speech delivered by Philip Hammond on 29th October 2018 with Helen Hargreaves, Associate Director of Policy at the Chartered Institute of Payroll Professionals.

We sit down to discuss the key points from the 106-page budget document that will could affect payroll and tax.

In the last Budget before we exit the EU, the Chancellor Philip Hammond appeared to relish the delivery of his 2018 Budget speech. His task this year is not an enviable one as the ‘deal or no deal’ debate continues with many questions unanswered. The economic forecast from the Office for Budget Responsibility (OBR) was positive; with wages growing at the fastest pace in almost a decade and we have been assured that we should expect sustained real wage growth in each of the next five years. The OBR also confirmed significant improvement in our public finances with national debt having peaked in 2016-17. This means a new path for public spending: “Fiscal Phil says Fiscal Rules OK”. We take a deep dive into all of the announcements made and summarise it for you to digest audibly at your payroll leisure!


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