Autumn Statement

Renewable energy companies will no longer be able to give investors relief under venture capital scheme rules, George Osborne has announced in today's Autumn Statement.

Lower tax receipts and other factors are likely to prompt a sharp upwards revision in borrowing forecasts at this week's Autumn Statement, analysts have warned.

ROUND-UP

Asset managers and wealth management firms have expressed support for the government's plans to scrutinise partnerships and LLPs in a clampdown on tax avoidance.

Hargreaves Lansdown has flagged up five key investment themes to benefit from the announcements made in yesterday's Autumn Statement.

Share buybacks carried out by Venture Capital Trusts (VCT) will no longer qualify for tax relief from April 2014, the government has said.

The Chancellor George Osborne said the "great recession" seen after the global financial crisis in 2008 had an even more detrimental impact on the UK economy than previously forecast.

The Chancellor has cut the UK's borrowing levels substantially in the Autumn Statement, substantially revising down March's forecast.

The UK's surprise economic recovery looks on course to continue as Chancellor George Osborne raised his forecast for UK growth over the next few years.

Howard Archer, chief UK and European economist at IHS Global Insight, has tipped Chancellor George Osborne to up the UK's GDP growth outlook and reveal a reduction in the deficit next week.