View our 2014 Autumn Statement summary
04 Dec 2014
Chancellor George Osborne has delivered his final Autumn Statement before the next General Election. While there was mixed news on the economy, the Chancellor unveiled a number of key measures for businesses and individuals with the stated aim of 'supporting aspiration'.
The headline announcement was a complete reform of stamp duty on residential property, with the previous system being abolished and a new set of graduated rates applying with effect from Thursday 4 December.
The Chancellor's speech also confirmed a package of reforms affecting SMEs, including measures to improve access to business finance and the announcement that the doubling of Small Business Rate Relief will be extended by a further year from 1 April 2015.