Statement to put a spring in your stepNews
Posted by: Dental Design 26th March 2018
‘There’s a light at the end of tunnel’ was the Chancellor of the Exchequer’s message at the Spring Statement 2018.
Altogether, it was a positive Statement from Philip Hammond, with assurances of more jobs, declining inflation, shrinking debt and less borrowing. Together with Hammond’s declaration that the Tories are the ‘party for small businesses’ things are looking good for dentists and dental practice owners.
As part of his aim to help businesses, Hammond used the Spring Statement to declare that the next business rates revaluation will be brought forward a year to 2021. Though dental practices won’t benefit from the change for several years yet, it should hopefully save practice owners money in the future.
For first time buyers, the Chancellor’s affirmation of more affordable housing should also be noted, as this on top of the abolition of Stamp Duty tax makes 2018 a good year to buy.
If you’d like to know more about the Spring Statement and how it might affect you, contact the team of Independent Financial Advisers at money4dentists.
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