Chancellor George Osborne announced a raft of fiscal changes today in the final Autumn Statement of the current parliament.
Beginning with a comprehensive economic forecast via the Office for Budget Responsibility, Osborne said the British economy is on the right track and that borrowing is falling. His reforms included the news that ISAs will retain their tax-free status when transferred to a spouse upon death, a full restructure of the stamp duty system, and a new tax on companies moving profits offshore. He also targeted hedge fund and private equity managers as part of the wider crackdown on tax avoidance. Below, industry professionals give their reactions to the measures outlined this afternoon. ...
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