The Chancellor of the Exchequer, Philip Hammond, has announced that the 2018 Budget will take place on Monday 29 October.

This, says the Treasury, will set out the Government’s plan to build a stronger, more prosperous economy, building on the recent Spring Statement and last year’s 2017 Budget.

The FT Adviser in the person of the much respected George Bull, senior tax partner at RSM UK gives its analysis of what we might expect to be the Budget:

Predictions cover the fuel escalator, inheritance tax, capital gains tax, entrepreneur’s relief, the so called ‘Amazon tax’ and of course reform of the pension tax relief to restrict it perhaps to basic rate of tax. I would be surprised if Mr Hammond does not seek to increase National Insurance – on the basis that no one understands it but it is hard to avoid!