30 Oct 2018Chancellor Philip Hammond delivered his 2018 Autumn Budget speech yesterday, outlining a range of tax and financial measures. Mr Hammond's speech unveiled a raft of amendments, including a bringing forward of the planned increase in the income tax personal allowance, which will rise to £12,500 in April 2019; an increase in the higher rate income tax threshold, which will rise to £50,000 at the same time; and a two-year cut in business rates for small retail firms in England from April 2019. Further details regarding the announcements made by the Chancellor featured in the official press releases. Our comprehensive Budget Summary outlines the key measures, including some of the less-publicised changes that may impact upon your business or personal finances. For a detailed overview of the Autumn Budget information, please read our 2018 Autumn Budget Summary.